HomeMy WebLinkAboutCity Council Resolution 1988-126CITY 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 22nd day of February
1988. The following members were present: Mayor Schneider, Councilmembers Vasiliou
Ricker, Zitur and Sisk
The following members were absent: None
*** *** ***
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-126
REDUCING DEVELOPMENT BOND
SILVERTHORNE 3RD ADDITION (87009)
WHEREAS, in accordance with the development contract dated April 20, 1987, Raymond L.
Laurent and Jeanne A. Laurent, developer of Silverthorne 3rd Addition (87009), 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;
0 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
(completed with Silverthorne 2nd Addition)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ *70,730
$ 14,872
27,644
2,764
27,022
2,702
67,570
6,757
4,400
4,400
-0-
-0-
150
150
-0- -0-
-0- -0-
23,702 3,797
$ 221,218 $ 35,442
* The curb and gutter for Schmidt, Lake Road, $7,799, is included in this amount.
That the letter of credit required for the above items be reduced as detailed above
from $221,218 to $35,442 to reflect the completed work.
Resolution No. 88-126
Page Two
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved de•elopment contract be reduced as follows:
WWI
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning * Cash: $-0-
Letter of Credit: $-0-
* Included in Silverthorne 2nd Addition.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmemher Zitur , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Schneider. Councilmembers Vasiliou, Ricker, Zitur and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.