HomeMy WebLinkAboutCity Council Resolution 1988-490CITY 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 15th day of August ,
1988. The following members were present: Mayor Schneider, Councilmembers Vasiliou ,
Ricker Zitur and Sisk
The following members were absent: None
CouncilMeMber Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88- 490
REDUCING DEVELOPMENT BOND
WEAVER ADDITION (87081)
WHEREAS, in accordance with the development contract dated December i, 1987, Delmer L.
Weaver and Margaret J. Weaver, Ecklund and Swedlund Homes, Inc., developer of Weaver
Addition (87081), 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:
TTEb ORIGINAL AMOUNT NEW AMOUNT
Street Construction $ 23,000 $ -0-
Sanitary Sewer 5,000 -0-
Watermain 700 -0-
Storm Sewer 5,400 -0-
Boulevard and Drainage Swale Sod 1,800 1,800
Pond or Ditch Construction -0- -0-
Street Signs 150 150
Site Grading and Drainage Improvements 2,000 2:1.0
Park and Trail Improvements -0- -G-
Design, Administration, Inspection, As-Builts 3.486 258
TOTAL $ 41,536 $ 2,408
That the letter of credit required for the above items be reduced as detailed above
from $41,536 to $2,408 to reflect the completed work.
Resolution No. 88-490
Page Two
FURTHER BE IT RESOLVED that the bonding requirements for the failuwing items per
Section 8.1 of the approved development contract be reduced as follows:
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
$1,000 $1,000
$377 $377
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, storm sewer, street
construction and concrete curb and gutter is accepted for continual maintenance as of
August 15, 1988 subject to the One Year Guarantee by the Developer.
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: Nonp
Whereupon the Resolution was declared duly passed and adopted.