HomeMy WebLinkAboutCity Council Resolution 1987-571CITY 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 foll.-sing members were present:
Mayor Schneider, Councilmembers Vasiliou, Zitur, Crain and Sisk
The following members were absent: None
stir *tet ***
Councilmember Zitur introduced the following Resolution and moved
its adoption:
RESOLUTION N0. 571
REDUCING DEVELOPMENT BOND
MEYER GONYEA ADDITION (81023)
WHEREAS, in accordance with the development contract revised, September 10,
1986, Dennis D. Gonyea and Henry Meyer, developer of Meyer Gonyea Addition
(81023), 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
(See Grading Permit No. 6671)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$ -0-
$ -0-
-0-
-0-
-0-
-0-
32,800
3,280
1,500
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
4,116
100
$ 38,416
$ 3,380
That the letter of credit required be reduced from $38,416 to $ 3,380 to
reflect the completed work.
Resolution No. 87- 571
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:
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash: $ -0- $ -0-
Letter of Credit: $ -0_ $ _07
FURTHER BE IT RESOLVED that the storm sewer construction is accepted for
continual maintenance as of September 14, 1987 subject to the One Year
Guarantee by the developer. The developer has requested that the City retain
10% of the Letter of Credit for storm sewer construction in lieu of the
required maintenance bond.
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
,art