HomeMy WebLinkAboutCity Council Resolution 1987-698CITY 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 October , 1987. The following members were present: Mayor Schneider,
Councilmembers Vasiliou, Zitur, Crain and Sisk
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87- 698
REDUCING DEVELOPMENT BOND
SILVERTHORNE ADDITION (82052)
WHEREAS, in accordance with the development contract dated September 12, 1983,
Raymond L. Laurent and Jeanne A. Laurent, developer of Silverthorne Addition
(82052), 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 APOUNT
NEW AMOUNT
Public
Private
Public
Private
Street Construction
$ 43,950
31,000
$ 1,152
19,200
Sanitary Sewer
26,295
84,057
-0-
-0-
Watermain
44,068
48,518
-0-
-0-
Storm Sewer
12,000
24,875
-0-
-0-
Boulevard Sod
-0-
12,400
-0-
5,000
Pond or Ditch Construction
-0-
-0-
-0-
-0-
Street Signs
300
-0-
300
-0-
Street Sweeping and Storm Sewer
Cleaning
2,500
-0-
500
-0-
Maintenance of Erosion and
Sediment Control Plan
2,000
-0-
1,000
-0-
Site Grading 6 Drainage Improvements
-0-
59,500
-0-
-0-
Park and Trail Improvements
5,225
-0-
523
-0-
Design, Administration,
Inspection, As-Builts
16,361
31,242
417
2,904
TOTAL
$152,699
$291,592
$ 3,892
$27,104
That the letter of credit required be
reduced from
$18,864 to
$3,892 to
reflect the
completed work on the public improvements,
and from $64,512 to
$27,104
to reflect
the completed work on the private improvements.
The motion for the adoption of the foregoing Resolution was duly seconded by
, and upon vote being taken thereon, the
following voted in favor thereof:
The following voted against or abstained:
Whereupon the Resolution was declared duly passed and adopted.