HomeMy WebLinkAboutCity Council Resolution 1987-696CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a _regilar meeting of the City Council of
the City of Plymouth, Minnesota was held on the 19th day of October ,
1987. The following members were present: . Mayor Schneider, Councilmember Vasiliou ,
7ir..r- Crain and Sisk
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-696
REDUCING DEVELOPMENT BOND
WILLOW HAVEN NORTH ADDITION(86033)
WHEREAS, in accordance with the development contract dated September 3, 1986, James C
Peterson Associates, Inc., and Raymond J. Syverson, Jr. and Barbara A. Syverson,
developer of Willow Haven North Addition (86033), 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:
Street Construction $ 15,540 $ 1,554
Sanitary Sewer 5,301 530
Watermain 6,548 655
Storm Sewer 6,055 606
Boulevard and Drainage Swale Sod 2,000 x,800
Pond or Ditch Construction -0- -0-
Street Signs -0- -0-
Site Grading and Drainage Improvements 4,000 500
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 4.733 677
TOTAL $ 44,177 $ 6,322
That the letter of credit required for the above items be reduced as detailed above
from $22,771 to $6,322 to reflect the completed work.
Resolution No. 87-696
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:
0
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
$ 1,000 $ 11000
$ 7,222 $ 3,500
The motion for the adoption of the foregoing Resolution was duly seconded by
_rMinri7membp;C cis,] , 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.