HomeMy WebLinkAboutCity Council Resolution 1988-658CITY 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 3rd day of October ,
1988. The following members were present: Mayor Schneider, Councilmembers Vacilioti,
Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-658
REDUCING DEVELOPMENT BOND
TAMMIE MIDDLEMIST ADDITION (85048)
WHEREAS, in accordance with the development contrast dated June 5, 1985, Robert
Middlemist, Jr., developer of Tammie Middlemist Addition (85048), 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,
10 MINNESOTA; that the bonding requirements are reduced as follows:
Street Construction $ 52,900 $ -0-
Sanitary Sewer 28,900 -0-
Watermain 35,400 -0-
Storm Sewer 25,500 -0-
Boulevard and Drainage Swale Sod 5,000 -0-
Pond or Ditch Construction -0- -0-
Street Signs 300 -0-
Site Grading and Drainage Improvements 42,500 -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 22.860 _0_
TOTAL $ 213,360 $ -0-
That the letter of credit required for the above items be reduced as detailed above
from $1,120 to $0 (zero) to reflect the completed work.
_,. Resolution No. 88-658
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:
Letter of Credit:
$1,000 $-0-
$23,820 $-0-
FURTHER BE IT RESOLVED that the $1,000 cash deposit per above requirement is hereby
released and returned to the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Counci7member Zitur , and upon vote being taken thereon, the following voted
in favor thereof: MaN.;r Srhneider, Counnilmomhnra 31-414.... ,
Ricker, Zitur and Sisk
The following voted against or abstained: _ None
Whereupon the Resolution was declared duly passed and adopted.
*** i** **