HomeMy WebLinkAboutCity Council Resolution 1987-801CITY 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 7th day of December
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- 801
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;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as
follows:
j=
NEW AMOUNT
Street Construction $
18,248
$ 8,800
Sanitary Sewer
31,498
3,150
Watermain
29,913
2,991
Storm Sewer
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 Improvements
41,307
2,892
Park and Trail Improvements (Sidewalk)
4,480
448
Design, Administration, Inspection, As-Builts
17.000
2.988
TOTAL $
164,262
$ 27,891
That the letter of credit required for the above items be reduced as detailed above
from $42,989 to $27,891 to reflect the completed work.
The notion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur and upon vote being taken thereon, the followingvoted
in favor thereof: Mayor Schneider. Councilmembers Vasiliou, Zitur. Crain and isk ,
The following voted against or abstained: Nona
Whereupon the Resolution was declared duly passed and adopted.