HomeMy WebLinkAboutCity Council Resolution 1987-567Clri OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City
Council of the City of Plymouth, Minnesota was held on the 14th day
of September , 1987. The following members were present: Mayor Schneider,
Councilmembers Vasiliou, Zitur, Crain and Sisk
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-567
REDUCING DEVELOPMENT BOND
WESTWOOD RIDGE ADDITION (85108)
WHEREAS, in accordance with the development contract dated May 23, 1986, Michael
A. Freund and Harvey J. Freund II, developer of Westwood Ridge Addition (85108),
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-Builts
TOTAL
$ 29,417
$ 2,942
8,567
-0-
3,860
-0-
7,570
-0-
800
400
-0-
-0-
-0-
-0-
38,700
500
-0-
-0-
10.670
461
$ 99,584 $ 4,303
That the letter of credit required for the above items be reduced as detailed
above from $10,880 to $4,303 to reflect the completed work.
Resolution No. 87- 567
Page Two
FURTHER RE 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:
ORIGINAL AMOUNT
$ 1,000
$11,500
NEW AMOUNT
$ 1,000
$ 5,000
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Vasiliou , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Vasiliou,
Zitur. Crain and Sisk
The following voted against or abstained: None
Whereupon the resolution was declared duly passed and adopted.