HomeMy WebLinkAboutCity Council Resolution 1988-023CITY 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 4th day of January ,
1988. The following members were present: MUor Schneider, CguncilmemhPrc Vacilinn ,
Ricker, Zitur and Sisk
The following members were absent: None
Councilmember.Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88- 23
REDUCING DEVELOPMENT BOND
ARMSTRONG RIDGE ADDITION (80011)
WHEREAS, in accordance with the development contract dated July 19, 1982, Ridge
Development, developer of Armstrong Ridge Addition (80011), has agreed to install
certain improvements for said development; and
WHEREAS, the developer has completed a portion of the street, utility and site grading
an 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:
ORIGINAL
AMOUNT
NEW AMOUNT
Street Construction $
43,155
$ 4,316
Sanitary Sewer System
15,328
1,533
Watermain
25,550
2,555
Storm Sewer
15,260
1,526
Boulevard and Drainage Swale Sod
3,200
1,600
Pond or Ditch Construction
-0-
-0-
Street Signs
300
300
Street Sweeping and Storm Sewer Cleaning
1,500
11000
Maintenance of Erosion and Sediment
Control Plan
500
500
Site Grading and Drainage Improvements
50,000
9,309
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As -Built@
18.575
2.717
TOTAL $
173,368
$ 25,356
That the letter of credit required be reduced from $71,207 to $25,356 to reflect the
completed work.
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: MavorSchneider, Councilmembers Vasili_ou, Ricker, Zitur and Rick ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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