HomeMy WebLinkAboutCity Council Resolution 1987-699CITY 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- 699
REDUCING DEVELOPMENT BOND
WOODLANDS 2ND ADDITION (86059)
WHEREAS, in accordance with the development contract dated May 28, 1986, the
Zachary Lane Development Corporation, developer of Woodlands 2nd Addition (86059)
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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard b Drainage Swale Sod
(includes Blvd. Grading on
45th Avenue)
Pond or Ditch Construction
Street Signs
Park and Trail Improvements
Site Grading b Drainage Improvements
Design, Administration,
Inspection, As-Builts
ORIGINAL AMOUNT
NEW AMOUNT
Public
Private
Public
Private
$ 49,300
-0-
-0-
-0-
28,200
-0-
-0-
-0-
28,700
-0-
-0-
-0-
51,000
-0-
-0-
-0-
-0-
5,000
-0-
2,000
-0-
-0-
-0-
-0-
300
-0-
-0-
-0-
3,700
-0-
370
-0-
-0-
74,000
-0-
-0-
19,344
9,480
44
240
TOTAL $180,544 $ 88,480 $ 414 $ 2,240
That the letter of credit required for the above items be reduced as detailed above
from $15,523 to $414 to reflect the completed work on the public improvements, and
be reduced from $5,600 to $2,240 to reflect the completed work on the private
improvements.
Resu:ution No. 86- 699
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 ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash: $ 1,000 $ 1,000
Letter of Credit: $12,400 $12,400
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted for continual maintenance as of October 19, 1987 subject to the One Year
Guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
_Councilmember 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: Nnne
Whereupon the Resolution was declared duly passed and adopted.