HomeMy WebLinkAboutCity Council Resolution 1988-823CITY 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 21st day of November ,
1988. The following members were present: Mayor Schneider. Councilmembers Vasiliou ,
Ricker. 2itur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-823
REDUCING DEVELOPMENT BOND
FOX RUN 3RD ADDITION (85077)
WHEREAS, in accordance with the development contract dated May 14, 1996, Lundgren
Brothers Construction, Inc., developer of Fox Run 3rd Addition (85077), 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;
10 NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE eITY COUNCIL. OF THE CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
0
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 38,000
$ -0-
32,OCO
-0-
17,000
-0-
33,000
-0-
2,600
1,600
1,200
-0-
150
-0-
26,000
-0-
1,600
18.186
-0-
192
$ 169,736
$ 1,792
That the letter of credit required for the above items be reduced as detailed above
from $16,206 to $1,792 to reflect the completed work.
Resolution No. 88-823
Page Two
t.
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:
RM
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $ 1,000 $1,000
Letter of Credit: $27,000 $4,000
FURTHER BE IT RESOLVED that the street construction, concrete curb and gutter, and
trail construction 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
C-nunril mh i , and upon vote being taken thereon, the following voted
in favor thereof: Maynr Schneider Councilmembers Vasiliou, Ricker, Zitur and Sisk ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.