HomeMy WebLinkAboutCity Council Resolution 1988-026CITY OF PLYMOUTH
P, 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: Mynr Schneider& rnnnrilmnmhnrc Vacilin., ,
Ricker. Zitur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-26
REDUCING DEVELOPMENT BOND
PARKERS LAKE FARM SECOND ADDITION (86013)
WHEREAS, in accordance with the development contract dated February 25, 1986, amended
April 7, 1986, Kenneth C. Peterson and Ilona J. Peterson, developer of Parkers Lake
Farm Second Addition (86013), 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
A�
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:
0
Street Construction
Sanitary Sewer
Watermain
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-Builts
TOTAL
$ 53,582
$ -0-
21,591
-0-
29,147
-0-
12,447
-0-
3,400
-0-
-0-
-0-
150
-0-
-0-
-0-
1,111
14,571
-0-
-0-
$ 135,999 $ -0-
That the letter of credit required for the above items be reduced as detailed above
from $1,344 to $0 (zero) to reflect the completed work.
Resolution No. 88-26
E Pa6e 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:
�i ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $-0-
Letter of Credit: $5,000 $-0-
The notion for the adoption of the foregoing Resolution was duly seconded by
r—mr.i,3MgMbet lit„r and upon vote being taken thereon, the following voted
in favor thereof: MA) _r SCIDPi`d— C.euncilmasherc Vasilien, RirkEsr� Zitur and Si-gk ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.