HomeMy WebLinkAboutCity Council Resolution 1988-060CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City Council of
the City of Plymouth, Minnesota was held on the 25th day of January
1988. The following members were present: Mayor Schneider, Councilmembers Vasiliou ,
Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO, 88- 60
REDUCING DEVELOPMENT BOND
COACHMAN TRAILS ADDITION (85022)
WHEREAS, in accordance with the development contract dated July 6, 1987, Oakwood
Investments, developer of Coachman Trails (85022), 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:
0
Street Construction $ -0-' $ -0-
Sanitary Sewer 23,250 2,325
Watermain 29,373 ' 2,937
Storm Sewer -0- -0-
Boulevard and Drainage Swale Sod -0- -0-
Pond or Ditch Construction -0- -0-
Street Signs -0- -0-
Site Grading and Drainage Improvements -0- -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 6.315 632
TOTAL $ 58,938 $ 5,894
That the letter of credit required for the items detailed above remain at $5,894 to
reflect the completed work.
Resolution No. 88- 60
Page Two
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 6.1 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 - See Grading Permit
No. 11561. * e.
Cash:
Letter of Credit:
* The required Letter of Credit for grading and erosion control •is hereby reduced
from $18,520 to $5,000.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Ricker , and upon vote being taken thereon, the following voted
in favor thereof: mayor Schneider- Councilmembers Vasi_liou, Ricker. Zitur and Sisk ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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