HomeMy WebLinkAboutCity Council Resolution 1988-029CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a recruar meeting of the City Council of
the City of Plymouth, Minnesota was held on the 4thday of January ,
1988. The fo-1loving. members were present: Mayor Schneider, Councilmembers Vasiliou ,
R_i e-lgr, 2i tnr and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-29
REDUCING DEVELOPMENT BOND
DEERWOOD ESTATES PLAT TWO (A-784)
WHEREAS, in accordance with the development contract dated March 28, 1984, Wiswell
Estates, Inc. and International Development, Inc., developer of Deerwood Estates Plat
Two (A-784), 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:
10 I= ORIGINAL AMOUNT NEW AMOUNT
Street Construction $
25,800
$ 2,580
Sanitary Sewer
20,656
-0-
Wetermain
34,379
-0-
Storm Sewer
-0-
-0-
Boulevard Sod
4,000
-0-
Pand or Ditch Construction
-0-
-0-
Street Signs
-0-
-0-
Street Sweeping and Storm Sewer Cleaning
2,000
500
Maintenance of Erosion and Sediment Control Plan
2,000
-0-
Site Grading and Drainage Improvements
5,000
-0-
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts
11.260
370
TOTAL
$ 105,095 $ 3,450
That the letter of credit required be reduced from $8,490 to $3,450 to reflect the
completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
rnis-rilmpmtiPr -itur , and upon vote being taken thereonthe following voted
in favor thereof: _Mayor Schneider. Councilmembers Vasiliou, Ricier, Zitur and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.