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HomeMy WebLinkAboutCity Council Resolution 1987-767CITY 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 Co,ncitmember Sisk introduced the following Resolution and moved its adoption: RESOLUTION NO. 87- 767 REDUCING DEVELOPMENT BOND BASS LAKE HEIGHTS 3RD ADDITION (83008) 4HEREAS, in accordance with the development contract dated August 28, 1984, BLH Development Company, developer of Bass Lake Heights 3rd Addition, (83008), 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: I= ORIGINAL AMOUNT NEW AMOUNT Street Construction $ 32,585 $ -0- Sanitary Sewer 22,838 -0- Watermain 19,758 -0- Storm Sewer 8,130 -0- Boulevard and Drainage Swale Sod 3,800 -0- Pond or Ditch Construction -0- -0- Street Signs 300 -0- Street Sweeping and Storm Sewer Cleaning 7.,000 1,000 - Maintenance of Erosion and Sediment Control Plan 2,000 -0- Site Grading and Drainage Improvements 42,000 -0- Park and Trail Improvements -0- -0- Design, Administration, Inspection, As-Builts 16+009 TOTAL $ 149,420 $ 1,000 That the letter of credit required be reduced from $3,024 to $1,000 to reflect the completed work. The motion for the adoption of the foregoing Resolution was duly seconded by ,Councilmember Vasiliou , and upon vote being taken thereont 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.