HomeMy WebLinkAboutCity Council Resolution 1988-665CITY 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 ambers were present: Mayor Schneider, Councilmembers Vasiliou ,
Ricker, Zitur and Sisk
The following members were absent: None
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Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-665
REDUCING DEVELOPMENT BOND
WOODLANDS ADDITION (84030)
WHEREAS, in accordance with the development contract dated May 28, 1985, the Zachary
Lane Development Corporation, developer of Woodlands Addition (84030) has agreed to
install certain improvements for said development; and
WHEREAS, the developer has completed a portion or 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 that
the bonding requirements are reduced as follows:
Street Construction
$100,000
-0-
$-0-
-0-
Sanitary Sewer
115,000
-0-
-0-
-0-
Watermain
75,500
-0-
-0-
-0-
Storm Sewer
70,000
-0-
-0-
-0-
Boulevard & Drainage
Swale Sod
-0-
14,200
-0-
200
Pond or Ditch Construction
-0-
-0-
-0-
-0-
Street Signs
-0-
900
-0-
-0-
Park and Trail Improvements
-0-
-0-
-0-
-0-
Site Grading b Drainage Improvements
-0-
120,000
-0-
-0-
Design, Administration,
Inspection, As-Builts
43-269
16,212
_0-
-2.4
TOTAL
$403,7E0
$151,312
$-O-
$224
That the letter of credit required for the above items be reduced as detailed above
from $8,852 to $224 to reflect the completed work on the private improvements. The
requirement for public improvements was previously reduced to $0 (zero) on October 6,
1986.
Resolution No. 88-665
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:
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
$ 11000 $ 1,000
$41,000 $ -0-
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 grhneider- CnvjnrilmPmhars VAniliAn_ Rirkpr� Zitur and Siak ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.