HomeMy WebLinkAboutCity Council Resolution 1988-107CITY 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 8th day of February
1988. The following members were present: Mayor Schneider, Councilmembers Vasiliou
Ricker- Zitim and Sisk
The following members were absent: _ one
_Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-107
REDUCING DEVELOPMENT BOND
PONDS NORTH ADDITION (87058)
WHEREAS, in accordance with the development contract dated November 24, 1987, Northwood
Homes, Inc., developer of Ponds North Addition (87058), 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:
.jam ORIGINAL AMOUNT NEW AMOUNT
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
(See Grading Permit #►12674)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 82,698
$ 82,698
88,474
8,847
49,708
4,971
28,285
2,823
7,800
7,800
-0-
-0-
600
600
-0-
10,160
10,160
-32-12
14.148
$ 299,852 $ 132,047
That the letter of credit required for the above items remain as detailed above at
$132,047 to reflect the completed work.
Resolution No. 88-107
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:
niE
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning * Cash:
Letter of Credit:
* Included in Grading Permit #E12674
$-0- $-0-
$-0- $-0-
FURTHER BE IT RESOLVED, that Letter of Credit No. 4860 submitted in conjunction with
Grading Permit No. 12674 be reduced from $29,000 to $5,800 to reflect the completed
work.
The notion for the adoption of the foregoing Resolution was duly seconded by
Connrilmomber Sisk , and upon vote being taken thereon, the followin voted
hn
in favor thereof: Mayor Sceider, Councilmembers Vasiliou, Ricker, Zitur and -Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted. .
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