HomeMy WebLinkAboutCity Council Resolution 1988-109CITY OF PLYMOUTH
Pursuant to due call and notice thereof,a s ecial meeting of the City Council of
the City of Plymouth, Minnesota was held on the Ste day of Fel ruary
1988. The following csembers ware present: ,�vor_&Jchneider, Cuuncilmembers Vasiliuu ,
Rickes,.3itur and S; %k
The following members were absent: Hone
eet +ir,ir* ttr
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-109
REDUCING DEVELOPMENT BOND
QUAIL RIDGE OF PLYMOUTH 2ND ADDITION (87021)
WHEREAS, in accordance with the development contract dated April 20, 1987, Cenvesco,
Inc. developer of Quail Ridge of Plymouth 2nd Addition (87021), 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,
10 MINNESOTA; that the bonding requirements are reduced as follows:
Street Construction
Sanitary Sewer
Watermsin
Storm Sever
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Buiits
K00 -i"
��
$ 65,390
$ 15,000
46,361
-0-
38,806
-0-
33,795
-0-
7,400
7,400
-0-
-0-
150
150
See Grading Permit
No. 9762
-0-
23.028
-0-
2,706
$ 214,930 $ 25,256
That the letter of credit required for the above items be reduced as detailed above
from $81,693 to $25,256 to reflect the completed work.
Resolution No. 88-109
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 AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $ -0- $ -0-
Letter of Credit: $ -0- $ -0-
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmemher Sisk , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Schneider, Cnuncilmpnbers Vasiliou, Ricker. Zitur and Sisk ,
The following voted against or abstained: NnnP
Whereupon the Resolution was declared duly passed and adopted.