HomeMy WebLinkAboutCity Council Resolution 1988-727CITY 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 17th day of October ,
1988. The following members were present:
_Mayor Schn[+iriar_ (nunrilmamhara
Maci1in.. Rirlrar- 7itLr and Side
The following members were absent: None
Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-727
REDUCING DEVELOPMENT BOND
SWAN LAKE ADDITION (85027)
WHEREAS, in accordance with the development contract dated September 17, 1985, Gordon
Johnson Company, the developer of Swan Lake Addition (85027) 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 ref ect 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:
0
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard b Drainage
Swale Sod
Pond or Ditch Construction
Street Signs
Park and Trail Improvements
Site Grading b Drainage Improvements
Design, Administration,
Inspection, As-Builts
TOTAL
ORIGINAL.
Project 539
AMOUNT
Private
-0-
NEW AMOUNT
Project 539
$ -0-
Private
-0-
$354,213
178,821
-0-
-0-
-0-
159,511
-0-
-0-
-0-
90,362
-0-
-0-
-0-
-0--
16,000
-0-
4,200
-0.-
-0-
-0-
-0-
-0-
1,050
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
114,000
15,726
-0-
1,000
$782,90")
$146,776
-0-
$ -0-
624
$ 5,824
10 That the letter of credit required for the above private items previously reduced as
detailed above from $146,776 to $21,056 to reflect the completed work be further
reduced to $5,824.
Resolution No. 88- 727
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
$66,600 $ 5,000
The motion for the adoption of the foregoing Resolution was duly seconded by
Counciimemher 2.i-tu, and upon vote being taken thereon, the following voted
in favor thereof: _Mayor Schneidpr- CnunvilmamberA vaeilin.. Pinlror and Sick
.—..us - - .
The following voted against or abstained: _ None
Whereupon the Resolution was declared duly passed and adopted.