HomeMy WebLinkAboutCity Council Resolution 1987-697r
CITY 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 19th day of Octoher ,
1987. The following members were present: Mayor Schneider, Cntfnrilmemherc Va¢ilin>> ,
Zitur. Crain and Sisk
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-697
REDUCING DEVELOPMENT BOND
SILVERTHORNE 2ND ADDITION (86025)
WHEREAS, in accordance with the development contract dated April 15, 1986 Raymond L.
Laurent and Jeanne A. Laurent, developer of Silverthorne 2nd Addition (86025), 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:
W�
p ; a y 1 rl�1�l�
Street Construction $ 45,204 $ 2,315
Sanitary Sewer 22,435 -0-
Watermain 23,772 -0-
Storm Sewer 7,522 -0-
Boulevard and Drainage Swale Sod 4,000 1,400
Pond or Ditch Construction -0- -0-
Street Signs 150 150
Site Grading and Drainage Improvements 29,000 -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 15.850 464
TOTAL $ 147,933 $ 4,329
That the letter of credit required for the above items be reduced As detailed above
from $30,572 to $4,329 to reflect the completed work.
Resolution No. 87-697
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 $ 1,000
$ 11,000 $ -0-
The motion for the adoption of the foregoing Resolution was duly seconded by
ro» cilmember Sisk , 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. .