HomeMy WebLinkAboutCity Council Resolution 1988-491CITY 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 Vas'liou ,
Ricker, Zitur and Sisk
The following members were absent: None
Souncilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88- 491
REDUCING DEVELOPMENT BOND
LAKE CAMELOT ESTATES ADDITION (85114)
WHEREAS, in accordance with the development contract dated October 27, 1986, Keith T.
Harstad and Diane N. Harstad, developer of Lake Camelot Estates Addition (75114), has
agreed to install certain improvements for said development; and
WHEREAS, the developer has completed a p, -tion 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:
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
(See Grading Permit No. 5498)
Street Signs
Site Grading and Drainage Improvements
(See Grading Permit No. 5498)
Park and Trail Improvements (Private)
Trail
Apparatus
Landscaping
Design, Administration, Inspection, As-Builts
TOTAL
$ 524,900
$ 62,951
484,551
4,846
416,947
4,170
244,490
2,445
37,800
34,000
-0-
-0-
2,550
2,550
-0-
-0-
30,000
4,740
30,000
22,545
20,000
214.948
7,302
17.466
$ 2,006,186 $ 163,015
That the letter of credit required for the above items be reduced as detailed above
from $331,408 to $163,015 to reflect the completed work.
Resolution No. 88-491
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:
ITEM ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $-0-* $-0-
Letter of Credit: $-0-* $-0-
* See Grading Permit No. 5498
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: None
Whereupon the Resolution was declared duly passed and adopted.