HomeMy WebLinkAboutCity Council Resolution 1988-824CITY OF PLYMOUTH
• Pursuant to due call and notice thereof, a _ Telular meeting of the City Council of
the City of Plymouth, Minnesota was held on the -21st day of NnvP,nhPr ,
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. 88-824
REDUCING DEVELOPMENT BOND
COACHMAN TRAILS ADDITION (85022)
WHEREAS, in accordance with the development contract dated July 6, 1987, Oakwood
Investments, developer of Coachman Trails (85022), 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:
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
$ -0-
$ -0-
23,250
-0-
29,373
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
_6.31
-0-
,-O�
$ 58,938
$ -0-
That the letter of credit required for the abr.ve items be reduced as detailed above
from $5,894 to $0 (Zero) to reflect the completed work.
Resolution No. 88-824
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:
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Pian
Street Sweeping and Storm
Sewer Cleaning Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
The required Letter of Credit for grading and erosion control is hereby reduced from
$1,000 to $0 (zero).
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 Se
c n{der. Councilmembers Vasiliou, Ricker. Zitur and Sisk ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.