HomeMy WebLinkAboutCity Council Resolution 1987-733CITY 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 2nd day of November
1987. The following members were present: Mayor Schneider, Councilmembers Vasiliou ,
Zitur, Crain and Sisk
The following members were absent: None
Cnunrilmemher Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-733
REDUCING DEVELOPMENT BOND
COACHMAN TRAILS ADDITION (85022)
WHEREAS, in accordance with the development contract dated July 6, 1987, Oakwood
Investments, developer of Coachman Trails (85022), 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:
WVZ
Street Construction $ -0- $ -0-
Sanitary Sewer 23,250 2,325
Watermain 29,373 2,937
Storm Sewer -0- -0-
Boulevard and Drainage Swale Sod -0- -0-
Pond or Ditch Construction -0- -0-
Street Signs -0- -0-
Site Grading and Drainage Improvements -0- -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 6_315 632
TOTAL $ 58,938 $ 5,894
That the letter of credit required for the above items be reduced as detailed above
from $58,938 to $5,894 to reflect the completed work.
Resolution No. 87-733
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 - See Grading Permit
No. 11561. *
Cash:
Letter of Credit:
* The required Letter of Credit for grading and erosion control is hereby reduced
from $23,520 to $18,520.
The motion for the adoption of the foregoing Resolution was duly seconded by
['nomritsw�har 2itwr , and upon vote being taken thereon, the following voted
in favor thereof; __X&gQr &hnr jAarP (:eanci Isn'hers Vaei 1 im�� Zitur_ main anA Nick
The following voted against or abstained: ane
Whereupon the Resolution was declared duly passed and adopted.