HomeMy WebLinkAboutCity Council Resolution 1987-598CITY 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 1987. The following members were present:
Mayor Sc neider..Cauncilmembers Vasiliou. Zitur. Crain and Sisk
The following members were absent: None
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Counciimember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-598
REDUCING DEVELOPMENT BOND
PHEASANT TRAILS ADDITION (85103)
WHEREAS, in accordance with the development contract dated May 26, 1987, Pheasant
Trails Investors, developer of Pheasant Trails Addition (85103), 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 end Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements (Sidewalk)
Design, Administration, Inspection, As-Builts
TOTAL
$ 18,248
$ 18,248
31,498
31,498
29,913
29,913
16,216
16,216
5,000
5,000
-0-
-0-
-0-
-0-
41,307
2,892
4,480
4,480
17.600
12.990
$164,262 $121,237
That the letter of credit required for the above items be reduced as detailed
above from $164,262 to $121,237 to reflect the completed work.
Resolution No. 87-598
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
$ 1,000 $ 1,000
$ 7,800 $ 7,800
The motion for the adoption of the foregoing Resolution was duly seconded by
Gouncilmember Zitur , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Vasiliou,
•ne roiiowing vote* against or abstained:
Whereupon the resolution was declared duly
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