HomeMy WebLinkAboutCity Council Resolution 1988-659CITY 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 Vasilioq
Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-659
REDUCING DEVELOPMENT BOND
WOOD POINTE ESTATES ADDITION (88044)
WHEREAS, in accordance with the development contract dated July 18, 1988, Schoell and
Madson, Inc., developer of Wood Pointe Estates (88044), 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;
10 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 (includes 2"PVC
Sewer Service Forcemain to Serve Lot 1)
Watermain
Storm Sewer
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
TOTAL
$ 28,815
$ 4,235
18,637
700
18,564
-0-
7,164
-0-
2,800
2,800
-0-
-0-
150
-0-
6,788
-0-
-0-
_9-95.4
-0-
928
$ 92,868
$ 8,663
That the letter of credit required for the above items be reduced as detailed above
from $92,868 to $8,663 to reflect the completed work.
Resolution No. 88-659
Page Two
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Sections 8.1 and 14.13 of the approved development contract be reduced as follows:
ITEM ORIGINAL AMOUNT NEW AMOUNT
SECTION 8.1
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $1,000
Letter of Credit: $800 $-0-
SECTION 14.13
Tree Preservation (Beyond the
construction zone)
Letter of Credit: $15,000 $15,000
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer construction
is accepted for continual maintenance as of October 3, 1988 subject to the One Year
Guarantee by the Developer.
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 Vagiliou. Ricker, 2iti.r ,
and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.