HomeMy WebLinkAboutCity Council Resolution 1988-104CITY 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 lath day of February ,
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. 88-104
REDUCING DEVELOPMENT BOND
LAKE CAMELOT ESTATES ADDITION (85114)
WHEREAS, in accordance with the development contract dated October 27, 1986, Keith T.
Harstad and Diane N. Harstad, developer of Lake Camelot Estates Addition (85114), 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:
R-PrI,
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
(See Grading Permit No. 5498)
Street Signs
Site Grading and Drainage Improvements
(See Grading Permit No. 5498)
Park and Trail Improvements (Private)
Trail
Apparatus
Landscaping
Design, Administration, Inspection, As -Built
TOTAL
$ 524,900
$ 62,951
484,551
48,455
416,947
41,615
244,490
24,449
37,800
35,800
-0-
-0-
2,550
2,550
-0-
-0-
30,000 30,000
30,000 30,000
20,000 20,000
214,948 35.508
$2,006,186 $ 331,408
That the letter of credit required for the above items be reduced as detailed above
from $594,242 to $331,408 to reflect the completed work.
Resolution No. Be -104
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:
ORIGINAL AMMMT NEW
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $ -0-* $ -0-
Letter of Credit: $ -0-* $ -0-
* See Grading Permit No. 5498
The notion for the adoption of the foregoing Resolution was duly seconded by
Councilsember Sisk , and upon vote being taken thereon, the following voted
in favor thereof: _ Wor Schneider, Councilnembers Vasiliou, Ricker, Zitur and Sisk
The following voted against or abstained: MnnA
Whereupon the Resolution was declared duly passed and adopted.