HomeMy WebLinkAboutCity Council Resolution 1988-821CITY 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 tho 21st day of November ,
1988. The following members were present: Mayor Schneider, Councilmembers ,
Vasiliou. Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88- 821
REDUCING DEVELOPMENT BOND
BASS LAKE HEIGHTS 4TH ADDITION (85126)
WHEREAS, in accordance with the development contract dated February 5, 1987, BLH
Devetopment Company, developer of Bass Lake Heights 4th Addition (85126), 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 C ---'TY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
0
Street Construction $ 58,976 $ -0-
Sanitary Sewer 89,651 -0-
Watermain 40,274 -0-
Storm Sewer 12,430 -0-
Boulevard and Drainage Swale Sod 7,200 3,000
Pond or Ditch Construction -0- -0-
Street Signs 450 -0-
Site Grading and Drainage Improvements 61,500 -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 32.458 360
TOTAL $ 302,939 $ 3,360
That the letter of credit required for the above items be reduced as detailed above
from $17,833 to $3,360 to reflect the completed work.
Resolution No. 88-821
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:
Ffm
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
$1,000 $1,000
$33,800 $16,400
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted for continual maintenance as of November 21, 1988 subject to the One Year
Guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
_Oouneilmember Z.itur , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Schneider, Councilmembers Vasiliou, Ricker, Zitur and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.