HomeMy WebLinkAboutCity Council Resolution 1987-695CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a reaular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 19th day of Octgber ,
1987. The following members were present: Mayor Schneider. Councilmembers Vasilioi;,
Zitur- Crain and Sisk
The following members were absent: None
Chun ;Im.mher Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-695
REDUCING DEVELOPMENT BOND
LAKE CAMELOT ESTATES ADDITION (85114)
WHEREAS, in accordance with the development contract dated October 27, 1986, Keith T.
Harstad and Diane N. Harstad, developer of Lake Camelot Estates Addition (85114), 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,
MINNESOTA; that the bonding requirements are
reduced as follows:
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$ 524,900
$ 294,205
Sanitary Sewer
484,551
48,455
Watermain
416,947
45,114
Storm Sewer
244,490
24,449
Boulevard and Drainage Swale Sod
37,800
35,800
Pond or Ditch Construction
(See Grading Permit No. 5498)
-0-
-0-
Street Signs
2,550
2,550
Site Grading and Drainage Improvements
(See Grading Permit No. 5498)
-0-
-0-
Park and Trail Improvements (Private)
Trail
30,000
30,000
Apparatus
30,000
30,000
Landscaping
20,000
20,000
Design, Administration, Inspection, As -Built
214.948
63.669
TOTAL
$2,006,186
$ 594,242
That the letter of credit required for the above items be reduced as detailed above
from $2,006,186 to $594,242 to reflect the completed work.
Resolution No. 87-695
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:
(y
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $ -0-* $ -0-
Letter of Credit: $ -0-* $ -0-
* See Grading Permit No. 5498
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Sisk , and upon vote being taken thereon, the followingvoted
in favor thereof: Mayor Schneider, Councilmembers Vasiliou, Zitur, Crain and isk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.