HomeMy WebLinkAboutCity Council Resolution 1987-804CITY 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. May2L Sy;,hogjjgr. CojipSilmemhcrs Vas iliou ,
Zitur. Crain and Sisk
The following members were absent: Ngne
Cnuncilmemher Sisk introduced the following Resolution and moved its
adoption:
RESO[`JTION NO. 87-804
REDUCING DEVELOPMENT BOND
POWELL'S FIRST ADDITION (87049)
WHEREAS, in accordance with the development contract dated June 17, 1987, O.D.P.
Realty, Inc., developer of Pow 11's First Addition (87049), 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 $ -0- $ -0-
Sanitary Sewer -0- -0-
Watermain -0- -0-
Storm Sever 2,000 200
Boulevard and Drainage Swale Sod -0- -0-
Pond or bitch Construction -0- -0-
Street Signs -0- -0-
Site Grading and Drainage Improvements -(.- -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 240 2
TOTAL $ 2,240 $ 224
That tha letter of credit required for the above items be reduced as detailed above
from $2,240 to $224 to reflect the completed work.
Resolution No. 87- 804
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
Cash:
Letter of Credit:
The notion for the adoption of the foregoing Resolution wa■ duly seconded by
remincilmember Zitur , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Schneider, Councilmembers Vasiliou, Zitur, Crain and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.