HomeMy WebLinkAboutCity Council Resolution 1987-736CITY OF PLYMOUTH
Pursuant to die call qnd notice thereof, a regular meeting of the City Council of
the City of Plymouth, innesota 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
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-736
REDUCING DEVELOPMENT BOND
PHEASANT TRAILS ADDITION (85103)
WHEREAS, in accordance with the development contract dated May 26, 1987, Pheasant
Trails Investors, developer of Pheasant Trails Addition (85103), 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;
NOW10, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
ITEM NEW .:NOUIrT
Street Construction $ 18,248 $ 18,248
Sanitary Sewer 31,498 3,150
Watermain 29,913 2,991
Storm Sever 16,216 1,622
Boulevard and Drainage Swale Sod 5,000 5,000
Pond or Ditch Construction -0- -0-
Street Signs -0- -0-
Site Grading and Drainage Improv smsnts 41,307 2,892
Park and Trail Improvements (Sidewalk) 4,480 4,480
Design, Administration, Inspection, As-Builts 17.600 4.606
TOTAL $ 164,262 $ 42,989
That the letter of credit required for the above items be reduced as detailed above
from $121,237 to $42,989 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the followin voted
in favor thereof: Mayor Schneider, Councilmembers Vasiliou, Zitur, Crain and S�sk
The following voted against or abstained: ane
Whereupon the Resolution was declared duly passed and adopted.
c.