HomeMy WebLinkAboutCity Council Resolution 1987-597CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota was held on the 21st day
of Se tember , 1987. The following members were present:
Mayor chnei er, C6uncilmembers Vasiliou, Zitur, Crain and Sisk
The following members were absent: None
Lo n2ilmember Sisk introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 87-597
REDUCING DEVELOPMENT BOND
STEEPLECHASE 3RD ADDITION (87019)
WHEREAS, in accordance with the development contract dated April 6, 1987,
Lundgren Brothers Construction, Inc., developer of Steeplechase 3rd Addition
(87019), 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 Signa
Site Grading and. Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$ 100,000
$ 23,300
73,400
-0-
70,000
-0-
21,200
-0-
6,200
6,200
-0-
-0-
450
450
176,200
-0-
7,400
7,400
54,582
4,482
$ 509,432 $ 41,832
That the letter of credit required for the above items be reduced as detailed
above from $109,906 to $41,832 to reflect the completed work.
Is
Resolution No. 87- 597
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 ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $1,000
Letter of Credit: $49,000 $24,000
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer
construction is accepted for continual maintenance as of September 21, 1987,
subject to the One Year Guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , 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.