HomeMy WebLinkAboutCity Council Resolution 1988-853CITY OF PLYMOUTH
Pcatsuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 5th day of December ,
1988. The following members were present: Mayor Schneider, Councilmembers Vasiliou ,
and Sink
The following members were absent: Councilmembers Ricker and Zitur
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Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88- 853
REDUCING DEVELOPMENT BOND
THE MEADOWS OF BASS LAKE ADDITION (87059)
WHEREAS, in accordance with Lhe development contract dated February 17, 1988, Mien Fa
Tchou, Craig E. Scherber and Wendy J. Scherber, developer of The Meadows of Base Lake
Addition (87059), 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 HERESY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
• MINNESOTA; that the bonding requirements are reduced as follows:
I= ORIGINAL AMOUNT NEW AMOUNT
Street Construction $ 44,040 $ 20,000
Sanitary Sewer 64,031 -0-
Watermain 28,506 -0-
Storm Sewer 31,649 -0-
Boulevard and Drainage Swale Sod 5,800 5,000
Pond or Ditch Construction -0- -0-
Street Signs 450 -0-
Site Grading and Drainage Improvements 86,720 8,672
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As -Built@ 31,343 4,041
TOTAL $ 292,539 $ 37,713
That the letter of credit required for the above items i)e reduced as detailed above
from $134,456 to $37,713 to reflect the completed work.
Resolution No. 88- 853
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:
—M
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $1,000
Letter of Credit: $33,000 $16,500
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer construction
is accepted for continual maintenance as of December 5, 1988 subject to the One Year
Guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Ceunellaw-mher Vasiliou , and upon vote being taken thereon, the following voted
in favor thereof: mayor Schneider, Councilmembers Vasiliou and Sisk
The following voted against or abs`.ained: _ None
Whereupon the Resolution was declared duly passed and adopted.