HomeMy WebLinkAboutCity Council Resolution 1988-208CITY OF PLYMOUTH
OF Pursuant to due call and notice thereof, a reeular 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: Maynr_Schneider, Councilmembers Vasiliou
Rinkpr_ Zitur and Sisk
The following members were absent: None
Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88- 208
REDUCING DEVELOPMENT BOND
DEERWOOD ESTATES PLAT THREE (A-784)
WHEREAS, in accordance with the development contract dated May 16, 1984, Wiswell
Estastes, 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;
10 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= ORIGINAL.
AMOUNT
NEW AMOUNT
Street Construction $
46,300
$ -0-
Sanitary Sewer
28,500
-0-
Watermain
30,900
-0-
Storm Sewer
23,900
-0-
Boulevard Sod
6,400
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
450
-0-
Street Sweeping and Storm Sewer Cleaning
2,000
-0-
Maintenance of Erosion and Sediment Control Plan
2,000
-0-
Site Grading and Drainage Improvements
49,200
-0-
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts
22758
-O-
TOTAL $
212,408
$ -0-
That the letter of credit required be reduced from $5,186 to $0 (zero) to reflect the
completed work.
Resolution No. 88-208
Page Two
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter in
accepted for continual maintenance as of March 21, 1988.
Letter of Credit No. 5585/1900 is hereby released.
The notion for the adoption of the foregoing Resolution was duly seconded by
rminni.lmember Sisk , 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.