HomeMy WebLinkAboutCity Council Resolution 1988-581CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City Council of
the City of Plymouth. Minnesota was held on the 13th day of Sentsmher ,
1988. The following members were present: Mayor Schneider, Coin ;lmPmhPrs Vasilinn ,
Ricker and Zitur
The following members were absent: Cnuneilmemher Sisk
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88- 581
REDUCING DEVELOPMENT BOND
STEEPLECHASE 4TH ADDITION (87020)
WHEREAS, in accordance with the development contract dated April 6, 1987, Lundgren
Brothers Construction, Inc., developer of Steeplechase 4th Addition (87020), has agreed
to install certain improvements for said development; and
A
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;
0 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 Sever
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
$ 56,000
$ 14,000
40,000
-0-
27,000
-0-
20,300
-0-
3,000
3,000
-0-
-0-
30-
300
38,000
-0-
0-
4,400
4,400
22.680
440
2,129
$ 211,680
$ 19,869
That the letter of credit required for the above items be reduced as detailed above
from $211,680 to $19,869 to reflect the completed work.
Resolution No. 88- 581
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-
Required Financial Guarantee was submitted
with Steeplechase 3rd Addition
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, and storm sewer construction
is accepted for continual maintenance as of September 13, 1988, subject to the One Year
Guarantee by the Developer.
The motion for the adoption of the foregoing, Resolution was duly seconded by
Councilmember Ricker , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Schneider, Councilmembers Vasiliou, Ricker and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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