HomeMy WebLinkAboutCity Council Resolution 1988-169CITY OF PLYMOUTH
ivant to due call and notice thereof, a rPgyylar meeting of the City Council of
City of Plymouth, Minnesota was held on the Irl, day of pl,..,-..►. ,
G. The'followin members were present: Mayor Schneider, Councilmembers Vasiiinu ,
eker, Zitur and -Sisk
following members were absent: None
f Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-169
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;
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NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
A& MINNESOTA; that the bonding requirements are reduced as follows:
Street Construction $
*70,730
$ 39,728
Sanitary Sewer
27,644
2,764
Watermain
27,022
2,702
Storm Sewer
67,570
6,757
Boulevard. and Drainage Swale Sod
4,400
4,400
Pond or Ditch Construction
-0-
-0-
Street Signs;
150
150
Site .Grading and Drainage Improvements
(completed with Silverthorne 2nd Addition)
-0-
-0-
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts
23,,702
6.780
TOTAL $
221,218
$ 63,281
* 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 $63,281 to reflect the completed work.
Resolution No. 88-169
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:
1604.1
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning * Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
* Included in Silverthorne 2nd Addition.
FURTHER BE IT RESOLVED, that this resolution supersedes Resolution No. 88-126 adopted
February 22, 1988.
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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