HomeMy WebLinkAboutCity Council Resolution 1988-726CITY OF PLYMOUTH
IF Pursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 17th day of October ,
1988. The following members were present: _Magor G hrhnPidPr, Cot_mc11wPmhPrc
Vagi1irni- Riekar, ZiPur and Cigk
The following members were absent: Nnna
Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88- 726
REDUCING DEVELOPMENT BOND
PINE RIDGE AT BASS LAKE ADDITION (86147)
WHEREAS, in accordance with the development contract dated June 8, 1987, Scherber,
Bonine, Scherber Partnership, a Minnesota General Partnership, developer of Pine Ridge
at Bass Lake Addition (86147), 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:
Iw5m
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
(See Grading Permit No. 10752)
Street Signs
Site Grading and Drainage Improvements
(See Grading Permit No. 10752)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 33,355
$ 3,336
36,942
3,694
34,946
3,495
25,436
2,544
5,600
4,600
-O-
-0-
300
300
-0-
-0-
2,340
16.670
2,340
2-437
$ 155,589 $ 22,746
That the letter of credit required for the above items be reduced as detailed above
from $155,589 to $22,746 to reflect the completed work.
Resolution No. 88-726
Page Two
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TFURTHER BE IT RESOLVED that the bonding requirements for the following items per
'Section 8.1 of the approved development contract be reduced as follows:
j� ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning * Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
* See Grading Permit No. 10752
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, Cuunrilmamhara Vnciijo., Rieker, 7it..r and SjSk
The following voted against or abstained: _ None
Whereupon the Resolution was declared duly passed and adopted.