HomeMy WebLinkAboutCity Council Resolution 1988-128CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City Council of
10 the City of Plymouth, Minnesota was held on the 22nd day of February 0
1988. The following members were present: Mayor Schneider, Councilmembers Vasiliou
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-128
REDUCING DEVELOPMENT BOND
DEERWOOD ESTATES PLAT THREE (A-784)
WHEREAS, in accordance with the development contract dated May 16, 1984, Wiswell Estates,
Inc. and International Development, Inc., developer of Deerwood Estates Plat Three
(A-784), 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:
0
Street Construction
:.Ary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Street Sweeping b Storm Sewer Cleaning
Maintenance of Erosion and
Sediaent Control Plan
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 46,300
$ 4,630
28,500
-0-
30,900
-0-
23,900
-0-
6,400
600
-0-
-0-
450
450
2,000
500
2,000
500
49,200
-0-
-0-
22.758
-0-
802
$ 212,408 $ 7,482
That the letter of credit required for the above items be reduced as detailed above from
$17,338 to $7,482 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember 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.
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