HomeMy WebLinkAboutCity Council Resolution 1988-031CITY 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. Councilmemher5 Va5iliou ,
irko-r Zitur and Sisk
The following members were absent: NnnP
eee *** ***
Cnnnritmg%M-j-r Sisk introduced the following Resol-!tion and moved its
adoption:
RESOLUTION NO. 88- 31
REDUCING DEVELOPMENT BOND
DEERWOOD ESTATES PLAT FOUR (A-784)
WHEREAS, in accordance with the development contract dated February 4, 1985, Parklands
Developments, a partnership consisting of Wiswell Estates, Inc. and International
Development, Inc., developer of Deerwood Estates Plat Four (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:
TTFM ORIGINAL AMOUNT NEW AMOUNT
Street Construction $ 56,600 $ -0-
Sanitary Sewer 54,200 -0-
Watermain 30,400 -0-
Storm Sewer 38,400 -0-
Boulevard and Drainage Swale Sod 6,400 1,000
Pond or Ditch Construction -0- -0-
Street Signs (Pd. per Receipt #12186) 300 -0-
Site Grading and Drainage Improvements -0- -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 22,356 120
TOTAL $ 208,656 $ 1,120
That the letter of credit required for the above items be reduced as detailed above
from $7,168 to $1,120 to reflect the completed work.
Resolution No. 88- 31
Page 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:
0
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $1,000
Letter of Credit: $3,000 $1,000
The motion for the adoption of the foregoing Resolution was duly seconded by
cp11rgj1j0ejgbPz 7iz,11i1 , and upon vote being taken thereon, the following voted
in favor thereof: 1dapT.SC1iLlE:lfle'-�:pl3Al; �lgeilllle�t VA-ri1ions RiAcer- 7.it»r ^nri Qi Of ,
The following voted against or abstained: Nene
Whereupon the Resolution was declared duly passed and adopted.