HomeMy WebLinkAboutCity Council Resolution 1988-113CITY 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. Zi_tur and Sisk
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-113
REDUCING DEVELOPMENT BOND
BASS LAKE ESTATES ADDITION (84091)
WHEREAS, in accordance with the development contract dated August 6, 1985, Bass Lake
Development, Inc., developer of Bass Lake Estates Addition (84091), 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:
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 115,757
$ -0-
53,983
-0-
52,902
-0-
60,985
-0-
9,600
4,000
-0-
-0-
600
600
87,850
-0-
3,950
3,950
$ 428,801 $ 9,576
That the letter of credit required for the above items be reduced as detailed above
from $22,541 to $9,576 to reflect the completed work.
Resolution No. 88-113
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:
RPM
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
$1.000 $1.000
$21.800 $13.900
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted as of February 8, 1988 for continual maintenance subject to the One Year
Guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Sisk , and upon vote being taken thereon, the following voted
in favor thereof: _ mayor Schneider. Councilmembers Vasiliov Ricker, Zitur and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.