HomeMy WebLinkAboutCity Council Resolution 1987-654CITY 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 Sth day
Of October 1987. The following members were present:
Mayor Schneider, Councilmembers Vasiliou, Zit_ur, Crain and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 87- 654
REDUCING DEVELOPMENT BOND
TAMMIE MIDDLEMIST ADDITION (85048)
WHEREAS, in accordance with the development contract dated June 5. 1985, Robert
Middlemist, Jr., developer of Tammie Middlemist Addition (85048), 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
$ 52,900
$ -0-
Sanitary Sewer
28,900
-0-
Watermain
35,400
-0-
Store Sewer
25,500
-0-
Boulevard and Drainage Swale Sod
5,000
1,000
Pond or Ditch Construction
-0-
-0-
Street Signs
300
-0-
Site Grading and Drainage Improvements
42,500
-0-
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Suilts
22,860
120
TOTAL
$213,360
$1,120
That the letter of credit required be reduced from $3,360 to $1,120 to reflect
the completed work.
i Resolution 87- 654
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 $ 11000
$23,820 $2,382
The notion for the adoption of the foregoing Resolution was raly seconded by
c4luember Zitur , and upon vote being taken thereon, the
following voted in favor thereof: _ Mlyor Schneider, Councilmembers Vasiliou,
Zitur. Grain and Sisk
The following voted against or abstained! None
Whereupon the Resolution was declared duly passed and adopted.
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