HomeMy WebLinkAboutCity Council Resolution 1988-209CITY OF PLYMOUTH
Pursuant to due call 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: Maggr Schneider. Councilmembers Vasiliou
Ric-ker_ Zitur and Sisk
The following members were absent:
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Gn,nni1m4-mher Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-209
REDUCING DEVELOPMENT BOND
DEERWOOD ESTATES PLAT FOUR (A-784)
WHEREAS, in accordance with the development contract dated February 4, 1985, Parklands
Developments, a partnership consisting of Wiswell Estates, Inc. and International
Deve' iment, Inc., developer of Deerwood Estates Plat Four (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:
ITEM ORIGINAL AMOUNT NEW AMOUNT
Street Construction $ 56,600 $ -0-
Sanitary Sewer 54,200 -0-
Watermain 30,400 -0-
Storm Sewer 38,400 -0-
Boulevard and Drainage Swale Sod 6,400 -0-
Pond or Ditch Construction -0- -0-
Street Signs 300 -0-
Site Grading and Drainage Improvements -0- -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 22.356 -0-
TOTAL $ 208,656 $ -0-
That the letter of credit required for the above items be reduced as detailed above
from $1,120 to $0 (zero) to reflect the completed work.
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Resolution No. 88- 209
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:
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Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $ -0-
Letter of Credit: $3,000 $ -0-
Letters of Credit No. 5585/1898 and 5585/2222 are 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:M"or Schneider, Councilmembers Vasiliou, Ricker, Zitur and
N Sir
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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