HomeMy WebLinkAboutCity Council Resolution 1987-570CITY 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 SP -n _mhPr , 1987. The following members were present:
The tottowing members were absent: None
QWeilm me hPr Zitur introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 87-570
REDUCING DEVELOPMENT BOND
DEERWOOD GLEN PLAT ONE (85050)
WHEREAS, in accordance with the development contract dated , May 21, 1986,
Parklands Developments, a partnership consisting of Wiswell Estates, Inc., and
International Development, Inc., developer of Deerwood Glen Plat One (85050)
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
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
ORIGINAL AMOUNT NEW AMOUNT
$ 102,700
10,270
68,600
6,860
45,700
4,570
23,600
2,360
7,000
4,000
-0-
-0-
450
450
-0-
-0-
9,581
958
30,916
3,536
$ 288,547 $ 33,004
That the letter of credit required be reduced from $83,271 to $33,004 to
reflect the completed work.
Resolution No. 87-570
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
ORIGINAL AMOUNT NEW AMOUNT
Grading permit issued
previously
The motion for the adoption of the foregoing Resolution was duly seconded by
renncilmemher Vasiliou , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Vasiliou,
Zi ur. Crain and Sisk
The following voted
Whereupon the Resolu
tat or abstained: None
was declared duly passed and adopted.