HomeMy WebLinkAboutCity Council Resolution 1988-584CITY 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 September
1988. The following members were present: Mayor Schneider, Councilmembers Vasiliou
Ricker and Zitur
The following members were absent: Councilmember Sisk
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88- 584
REDUCING DEVELOPMENT BOND
COACHMAN TRAILS ADDITION (85022)
WHEREAS, in accordance with the development contract dated July 6, 1987, Oakwood
Investments, developer of Coachman Trails (65022), 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;
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 $ -0- $ -0-
Sanitary Sewer 23,250 -0-
Watermain 29,373 -0-
Storm Sewer -0- -0-
Boulevard and Drainage Swale Sod -0- -0-
Pond or Ditch Construction -0- -0-
Street Signs -0- -0-
Site Grading and Drainage Improvements -0- -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 6,315 _0_
TOTAL $ 58,938 $ -0-
That the letter of credit required for the above items be reduced as detailed above
from $5,894 to $0 (Zero) to reflect the completed work.
Resolution No. 88- 584
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:
I=
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
The required Letter of Credit for grading and erosion control is hereby reduced from
$5,000 to $1,000.
FURTHER BE IT RESOLVED that the sanitary sewer and watermain 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 ageinst or abstained: None _
Whereupon the Resolution was declared duly passed and adopted.