HomeMy WebLinkAboutCity Council Resolution 1988-264CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a r eflar meeting of the City Council of
the City of Plymouth, Minnesota was held on the 2nd day of Max ,
1988. The following members were present: Mayor Srhneider. CniinrilmPmhrTc Vaciliali ,
Ricker, Zitur and Siak
The following members were absent: Nnnc-
councitmemher Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-264
REDUCING DEVELOPMENT BOND
BASS LAKE ESTATES ADDITION (84091)
WHEREAS, in accordance with the development contract dated August 6, Lam• Bass Lake
Development, Inc., developer of Bass Lake Estates Addition (84091), As 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:
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Street Construction $ 115,757 $ -0-
Sanitary Sewer 53,983 -0-
Watermain 52,902 -0-
Storm Sewer 60,895 -0-
Boulevard and Drainage Swale Sod 9,600 4,000
Pond or Ditch Construction -0- -0-
Street Signs 600 -0-
Site Grading and Drainage Improvements 87,850 -0-
Park and Trail Improvements 3,950 -0-
Design, Administration, Inspection, As-Builts 43.M --4eQ
TOTAL $ 428,801 $ 4,480
That the letter of credit required for the above items be reduced as detailed above
from $9,576 to $4,480 to reflect the completed work.
D
The motion for the adoption of the foregoing Resolution was duly seconded by
Counciland upon vote being taken thereon, the following voted
in favor thereof; Maynnrr Rehnnidnr. rmjnri lmt►ehnrc Vagi 1 inaor Rirlcnr. 7itnr anA Rich ,
The following voted against or abstained: Nn
Whereupon the Resolut,lon wa"s declared duly passed and idopted.