HomeMy WebLinkAboutCity Council Resolution 1987-764CITY 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. 37-761
REDUCING DEVELOPMENT BOND
DEERWOOD GLEN PLAT ONE (85050)
WHEREAS, in accordance with the development contract dated May 21, 1986, Parklands
Developments, a partnership consisting of Wiswell Estates, Inc., and International
Development, Inc., developer of Deerwood Glen Plat One (85050), 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:
RM
Street Construction $
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
102,700
$ -0-
68,600
-0-
45,700
-0-
23,600
-0-
7,000
4,000
-0-
-0-
450
450
-0-
-0-
9,581
30.916
958
64
$ 288,547 $ 6,057
That the letter of credit required be reduced from $33,004 to $6,057 to reflect the
completed work.
Resolution No. 87- 764
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:
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Grading permit issued
previously
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, storm sewer, street
construction and concrete curb and gutter is acepted for continual maintenance a■ 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
rn,��ilmeaher Vasiliou , and upon vote being taken thereon, the following 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.
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