HomeMy WebLinkAboutCity Council Resolution 1987-768CITY 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: None
#tkx 7k** *tk*
Councilmemher Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87- 768
REDUCING DEVELOPMENT BOND
BASS LAKE HEIGHTS 4TH ADDITION (85126)
WHEREAS, in accordance with the development contract dated February 5, 1987, BLH
Development Company, developer of Bass Lake Heights 4th Addition, (85126), 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:
14 iKll
Street Construction $ 58,976 $ 9,922
Sanitary Sewer 89,651 -0-
Watermain 40,274 -0-
Storm Sewer 12,430 -0-
Boulevard and Drainage Swale Sod 7,200 6,000
Pond or Ditch Construction -0- -0-
Street Signs 450 -0-
Site Grading and Drainage Improvements 61,500 -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 32.458 1.911
TOTAL $ 302,939 $ 17,833
That the letter of credit required for the above items be reduced from $19,681 to
$17,833 to reflect the completed work.
Resolution No. 87-768
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:
�M
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
$ 1,000 $ 1,000
$33,800 $16,400
The motion for the adoption of the foregoing Resolution was duly seconded by
rcwjnCi1mP_mhP_r VasilYou , and upon vote being taken thereon, the following voted
in favor thereof: _ aXor_Schneider. Councilmembers Vasiliou, Crain and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.