HomeMy WebLinkAboutCity Council Resolution 1987-805CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a reeular 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 ,
Zit— Crain and Sisk
The following members were absent: None
Counoilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-805
REDUCING DEVELOPMENT BOND
SUNSET VALLEY HOMES ADDITION (87022)
WHEREAS, in accordance with the development contract dated April 20, 1987, Sunset
Valley Homes, Inc., developer of Sunset Valley Homes Addition (87422), 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
complv;ed work;
POW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH that
the bonding requirements are reduced as follows:
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LO) if to 0',1-1 WTT41FJ�ZF1A7AFX X#JM
Street Construction $ 35,300 $ 15,300
Sanitary Sewer 23,600 2,360
Watermain 25,000 2,500
Storm Sewer 6,100 610
Boulevard and Drainage Swale Sod 3,800 3,800
Pond or Ditch Construction -0- -0-
Street Signs 150 150
Site Grading and Drainage Improvements (See Grading Permit No. 5135)
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 11.274 2.966
TOTAL
$105,224 $ 27,686
That the letter of credit required for the above items be reduced as detailed above
from $50,086 to $27,686 to reflect the completed work.
Resolution No. 87-805
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:
ITEM ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash: $ -0- $ -0-
Letter of Credit: $ -0- $ -0-
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember 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.