HomeMy WebLinkAboutCity Council Resolution 1988-207CITY OF PLYMOUTH
Pursuant to due cLll and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 21st day of March
1988. The following members were present: Mayor Schneider, Councilmembers Vasiliou
RiCkrar- 7itiir nnA Sick
The following members were absent: None
Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-207
REDUCING DEVELOPMENT BOND
DEERWOOD ESTATES PLAT TWO (A-784)
WHEREAS, in accordance with the development contract dated March 28, 1984, Wiswell
Estates, Inc. and International Development, Inc., developer of Deerwood Estates Plat
Two (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:
I=
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Maintenance of Erosion and
Sediment Control Plan
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT
$ 25,800
NEW AMOUNT
$ -0-
20,656
-0-
34,379
-0-
-0-
-0-
4,000
-0-
-0-
-0-
-0-
-0-
2,000
-0-
2,000
-0-
5,000
-0-
-0-
11,260
-0-
$ 105,095
-a-
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $3,450 to $0 (zero) to reflect the completed work.
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted for continual maintenance as of March 21, 1988.
Letter of Credit No. 5585/1473 is hereby released.
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: r Councilmembers Vasiliou Ricker, Zitur and Sisk
The following voted against or abstained: Nnne '
Whereupon the Resolution was declared duly passed and adopted.