HomeMy WebLinkAboutCity Council Resolution 1988-030CITY 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
Ri Agar. Zitur r and Sisk
The following members were absent: None
Cnunrilmemher Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-30
REDUCING DEVELOPMENT BOND
DEERWOOD ESTATES PLAT THREE (A-784)
WHEREAS, in accordance with the development contract dated May 16, 1984, Wiswell
Estastes, Inc. and International Development, Inc., developer of Deerwood Estates Plat
Three (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:
F6P71
Street Construction $
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Maintenance of Erosion and Sediment Control Plan
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
46,300
$ 4,630
28,500
-0-
30,900
-0-
23,900
-0-
6,400
-0-
-0-
-0-
450
-0-
2,000
-0-
2,000
-0-
49,200
-0-
-0-
22.758
-0-
556
$ 212,408 $ 5,186
That the letter of credit required be reduced from $17,338 to $5,186 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: Mayor Schneider, Councilmembers Vasiliou, Ricker, Zitur and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.