HomeMy WebLinkAboutCity Council Resolution 1987-807CITY 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 wars absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87- 807
REDUCING DEVELOPMENT BOND
BASS LAKE ESTATES 2ND ADDITION (86065)
WHEREAS, in accordance with the development contract dated July 9, 1986, Bass Lake
Development, Inc., developer of Bass Lake Estates 2nd Addition (86065), 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 TT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
Street Construction $ 76,807 $ 7,681
Sanitary Sewer 54,506 5,451
Watermain 49,830 4,983
Storm Sewer 25,165 2,517
Boulevard and Drainage Swale Sod 10,600 8,000
Pond or Ditch Construction (included with Grading) -0- -0-
Street Signs 450 450
Site Grading and Drainage Improvements 98,533 9,853
Park and Trail Improvements 1,785 1,785
Design, Administration, Inspection, As-Builts IL= 4,886
TOTAL
$ 354,931 $ 45,606
That the letter of credit required for the above items be reduced as detailed above
from $354,931 to $ 45,606 to reflect the completed work.
Resolution No. 87-80'
Page Two
FURTHER RE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced a■ follows:
0
Maintenanre of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
$.L= $.1.000
$32.920 $" Au
The notion 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.