HomeMy WebLinkAboutCity Council Resolution 1988-804CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a _pgilar meeting of the City Council of
the City of Plymouth, Minnesota was held on the .7th day of Nnyamhar ,
1988. The following members were present: MAjtnr RehnatAart Cnt,Aail in., ,
Ri is 71t„r and Sisk --- -
The following members were absent: nna
C:nunrilmomhor 7itnr introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88- 804
REDUCING DEVELOPMENT BOND
OAKWOOD SQUARE ADDITION (85020)
WHEREAS, in accordance with the development contract dated October 17, 1985 David C.
Johnson, Kathie L. Johnson, Herbert A. Johnson, Laura Helen Johnson, Lewis A. Supplee,
and A. Evelyn Supplee, developer of Oakwood Square Addition (85020), 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:
I= ORIGINAL
AMOUNT
NEW AMOUNT
Street Construction (Hwy. 101)
$ 15,420
$ 1,542
Street Construction (Co. Rd. 6)
15,285
1,529
Signal Indication (Future 14th Ave. No.)
10,000
10,000
Sanitary Sewer
-0-
-0-
Watermain (Hwy. 101)
6,400
640
Storm Sewer (Co. Rd. 6)
1,500
150
Boulevard and Drainage Swale Sod
75
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
-0-
-0-
Site Grading and Drainage Improvements
10,500
-0-
Park and Trail Improvements (Co. Rd. 6)
3,724
372
Park and Trail Improvements (Hwy. 101)
5,513
551
Design, Administration, Inspection, As-Builts
8,210
1,774
TOTAL
$ 76,627
$ 16,558
That the letter of credit required for the above items be reduced as detailed above
from $76,627 to $16,558 to reflect the complee#ed work.
Resolution No. 88-804
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:
Iii
:
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $-0-
Letter of Credit: $6,800 $-0-
The motion for the adoption of the foregoing Resolution was duly seconded by
Couneflmemb-r Sisk , and upon vote being taken thereon, the following voted
in favor thereof: _Mayor Schneider. Councilmembers Vasiliou. Ricker. ZitMr and Sisk ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.