HomeMy WebLinkAboutCity Council Resolution 1988-825CITY 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 Novemher ,
1968. The following members were present: Mayor Schneider- Cauncilmemhers Vacilinn ,
_Ricker, Zitur and Sisk
The following members were absent: None
-Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-825
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 PLIMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
Street Construction (Hwy. 101)
$ 15,420
$ -0-
Street Construction (Cn. Rd. 6)
15,285
-0-
Signal Indication (Future 14th Ave. No.)
10,000
10,000
Sanitary Sewer
-0-
-0-
Watermain (Hwy. 101)
6,400
-0-
Storm Sewer (Co. Rd. 6)
1,500
-0-
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
-0-
Park and Trail Improvements (Hwy. 101)
5,513
-0-
Design, Administration, Inspection, As-Builts
8,210
_0_
TOTAL
$ 76,627
$ 10,000
That the letter of credit required for the above items be reduced as detailed above
from $16,558 to $10,000 to reflect the completed work.
Resolution No. 88-825
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:
ITEM
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $_0_
Letter of Credit: $6,800 $_O_
FURTHER BE IT RESOLVED, that the watermain, storm sewer, 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
Councilmember Zitur , and upon vote ;)eing 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 paf:sed and adopted.