HomeMy WebLinkAboutCity Council Resolution 1987-568CITY 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 N0. 87-568
REDUCING DEVELOPMENT BOND
WESTWOOD RIDGE 2ND ADDITION (85108)
WHEREAS, in accordance with the development contract dated March 2, 1987, Graham
Development Company and Commercial Excavating, Inc., developer of Westwood Ridge
2nd 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
(See Grading Permit No. 8996)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 99,790
$ 20,000
45,047
4,505
37,480
3,748
23,963
2,396
6,000
6,000
-0-
-0-
600
600
-0-
-0-
-0- -0-
25,546 4,470
$238,426 $ 41,719
That the letter of credit required for the above items be reduced as detailed
above from $238,426 to $41,719 to reflect the completed work.
Resolution No. 87- 568
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:
ORIGINAL AMOUNT NEW AMOUNT
$ -0- $ -0-
$ -0- $ -0-
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.