HomeMy WebLinkAboutCity Council Resolution 1987-762CITY 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 16th day of November
1987. The following members were present: Mayor Schneider, Councilmembers Vasiliou
Crain and Sisk
The following members were absent: _Councilmember Zitur
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-762
REDUCING DEVELOPMENT BOND
HERITAGE WEST 2ND ADDITION (86048)
WHEREAS, in accordance with the development contract dated April 6, 1987, Heritage
West, Inc., Builders Finance, Inc., developer of Heritage West 2nd Addition (86048),
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:
Street Construction $ 54,000 $ 10,800
Sanitary Sewer 43,000 -0-
Watermain 39,000 -0-
Storm Sewer 41,000 -0-
Boulevard and Drainage Swale Sod 4,000 2,000
Pond or Ditch Construction -0- -0-
Street Signs 300 300
Site Grading and Drainage Improvements 10,000 -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 22.956 1.572
TOTAL $ 214,256 $ 14,672
That the letter of credit required for the above items be reduced as detailed above
from $28,448 to $14,672 to reflect the completed work.
FURTHER BE IT RESOLVED that the sanitary sewer and watermain and storm sewer
construction is accepted for continual maintenance as of November 16, 1987, subject to
the One Year Guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Vasiliou , and upon vote being taken there n,. the %Xl wing voted
in favor thereof: Mayor Schneider, Councilmembers Vasiliou, Crain and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.