HomeMy WebLinkAboutCity Council Resolution 1987-806CITY 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. 87-806
REDUCING DEVELOPMENT BOND
BASS LAKE ESTATES ADDITION (64091)
WHEREAS, in accordance with the development contract dated August 6, 1985, Bass Lake
Development, Inc., developer of Bass Lake Estates Addition (84091), 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:
ktiE
Street Construction
Sanitary Sewer
Watormain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As -Built@
TOTAL
$115,757
$ 11,576
53,983
-0-
52,902
-0-
60,895
-0-
9,600
4,000
-0-
-0-
600
600
87,850
-0-
3,950
43-264
3,950
2-415
$ 428,801 $ 22,541
That the letter of credit required for the above items be reduced as detailed above
from $34,296 to $22,541 to reflect the completed work.
Resolution No. 87- 806
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:
101 1
:II I
The motion for the adoption of the foregoing Resolution was duly seconded by
CouneilmombAr lit, Lr , and upon vote being taken thereon, the following voted
in favor thereof: ,"or SchmeidP_r, [.unci lmpmhorc Vnci lirrn, 7itijr, rr-nin -nnd Ride ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.