HomeMy WebLinkAboutCity Council Resolution 1987-572CITY 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 SRprpmhar , 1987. The following members were present:
Mayor Schneider, Councilmembers Vasiliou, Zitur, Crain and Sisk
The following members were absent: None
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Councilmember Zitur introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 87-572
REDUCING DEVELOPMENT BOND
FOX RUN 3RD ADDITION (85077)
WHEREAS, in accordance with the development contract dated May 14, 1986,
Lundgren Brothers Construction, Inc., developer of Fox Run 3rd Addition
(85077), 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
$ 38,000
$ 10,000
32,000
-0-
17,000
-0-
33,000
-0-
2,600
2,600
1,200
120
150
150
26,000
-0-
1,600
1,600
18,186 1,736
$169,736 $ 16,206
That the letter of credit required for the above items be reduced as detailed
above from $65,920 to $16,206 to reflect the completed work.
Resolution No. 87-572
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
Cash: $1,000 $1,000
Letter of Credit: $27,000 $13,500
FURTHER BE IT RESOLVED that the sanitary sewer and watermain and storm sewer
construction is accepted for continual maintenance as of September 14, 1987
subject to the One Year Guarantee by the developer.
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, Councilmewbers Vasiliou,
The following voted against or abstained:.
Whereupon the Resolution was declared duly
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