HomeMy WebLinkAboutCity Council Resolution 1988-024CITY 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: Mayor Schneider, Councilmembers Vasiliou ,
Ricker, Zitur and Sisk
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The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88- 24
REDUCING DEVELOPMENT BOND
GLEN ECHO PONDS 2ND ADDITION (84066)
WHEREAS, in accordance with the development contract dated March 13, 1985, Richard
Dempsey Construction Company, Inc., developer of Glen Echo Ponds 2nd Addition (84066),
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 d,_ieloper 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:
OBIGIN1i AMnUNT
NEW AMOUNT
Street Construction
$ -0-
$ -0-
Sanitary Sewer
-0-
-0-
Watermain
-0-
-0-
Storm Sewer
-0-
-0-
Boulevard and Drainage Swale Sod
2,600
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
150
-0-
Site Grading and Drainage Improvements
-0-
-0-
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builte 330
_0_
TOTAL
$ 3,080 $ -0-
That the letter of credit required for the above items be reduced as detailed above
from $3,080 to $0 (zero) to reflect the completed work.
Resolution No. 88- 24
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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:
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $1,000
Letter of Credit: $1,720 $ -0-
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the foiloving voted
in favor thereof: Mayor Schneider, CmsnrilmamhAr% Vaciiini, Ririe7i:t„wa„A CSL ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted. .
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