HomeMy WebLinkAboutCity Council Resolution 1987-520CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota was held on the 3rd day
of August , 1987. The following members were present:
Mayor Schneider. CoLnci_lmemhersCrain-_ Vasiliou. Zitur and Sisk
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-520
REDUCING DEVELOPMENT BOND
DEERWOOD GLEN PLAT TWO (87010 FKA 86084)
WHEREAS, in accordance with the development contract dated March 16, 1987,
Wiswell Estates, Inc., and International Development, Inc., developer of Deerwood
Glen Plat Two (87010 FKA 86084), has agreed to install certain improvements for
said development; and
WHEREAS, the developer has completed a portion of the street, utility and site
grading as noted below; and
WHEREAS, the developer has requested a reduction of the development bond to
reflect the completed work;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH
that the bonding requirements are reduced as follows:
ITEM
ORIGINAL AMOUNT NEW AMOUNT
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As -Built@
TOTAL
$ 77,200
$ 37,713
42,900
4,290
43,400
4,340
15,500
1,550
6,800
6,800
-0-
-0-
300
300
See Grading
Permit #4474
-0-
-0-
22,332
6,599
$208,432 $ 61,592
That the letter of credit required for the above items be reduced as detailed
above from $208,432 to $61,592 to reflect the completed work.
Resolution No. 87-520
Page Two
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced as follows:
ITEM
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning * Cash:
Letter of Credit:
* See Grading Permit No. 4474
ORIGINAL AMOUNT NEW AMOUNT
$ -0- $ -0-
$ -0- $ -0-
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Sisk , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider. Counci7_members Crain.
Vasiliou. Zitur and Sisk
The following voted against or abstained: _ Noi:e
Whereupon the resolution was declared duly passed and adopted.