HomeMy WebLinkAboutCity Council Resolution 1988-826CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a _,egular meeting of the City Council of
the City of Plymouth, Minnesota was held on they 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. 88-826
REDUCING DEVELOPMENT BOND
WEAVER ADDITION (87081)
WHEREAS, in accordance with the development contract dated December 7, 1987, Delmer L.
Weaver and Margaret J. Weaver, Ecklund and Swedlund Homes, Inc., developer of Weaver
Addition (87081), has agreed to install certain improvements for said development; acid
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:
TZEM ORIGINAL
AMOUNT
NEW AMOUNT
Street Construction
$ 23,000
$ -('-
Sanitary Sewer
5,000
-0-
Watermain
700
-0-
Storm Sewer
5,400
-0-
Boulevard and Drainage Swale Sod
1,800
1,200
Pond or Ditch Construction
-0-
-0-
Street Signs
150
-0-
Site Grading and Drainage Improvements
2,000
-0-
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts
_3,486
144
TOTAL
$ 41,536
$ 1,344
That the letter of credit required for the above items be reduced as detailed above
from $2,408 to $1,344 to reflect the completeu work.
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Resolution No. 88-826
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:
j ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
rawer Cleaning Cash: $1,000 $1,000
Letter of Credit: $377 $-0-
The motion for the adoption of the foregoing Resolution was duly seconded by
Count I_ _._ __ 9nd upon vote being taken thereon, the following voted
in favor thereof: Mayor Schneider, CouncilmPmhera VaRilirnt, Rir•lear, Zitut and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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