HomeMy WebLinkAboutCity Council Resolution 1988-590CITY 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: Counci1Member Sisk
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-590
REDUCING DEVELOPMENT BOND
MEYER GONYEA ADDITION (81023)
WHEREAS, in accordance with the development contract revised September 10, 1986, Dennis
D. Gonyea and Henry Meyer, developer of Meyer Gonyea Addition (81023), 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:
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
(See Grading Permit No. 6671)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ -0-
$ -0-
-0-
-0-
-0-
-0-
32,800
-0-
1,500
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
4.116
-0-
_0-
$ 38,416
$ -0-
That r.he letter of credit required for the above items be reduced as detailed above
from $3,380 to $0 (zero) to reflect the completed work.
Resolution No. 88-S90
Page Two
FURTHER BE IT RESOLVED that the bonding regt.irements for the following 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: $-0- $-0-
Letter of Credit: $-0- 5 -0 -
The 10% retainage in the original letter of credit in lieu of the required maintenance
bond for storm sewer construction for one year from September 14, 1987, is hereby
released.
The motion for the adoption of the foregoing Resolution was duly seconded by
CgWeilmember 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.
,tet �•** **,w