HomeMy WebLinkAboutCity Council Resolution 1988-856CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a _enill� a� r _ meeting of the City Council of
the City of Plymouth, Minnesota was held on the 5th day of Dpramhar ,
1988. The following members were present: MaXnr SehnPidar- C:nj.nrilmamh,-rQ ,
Sink and Vani_linrn
The following members were absent: Councilmembers Ricker and Zitur
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88856
REDUCING DEVELOPMENT BOND
PARKERS LAKE NORTH 4TH ADDITION (87084)
WHEREAS, in accordance with the development contract dated October 5, 1987, Laukka-
Williams Parkers Lake, a Minnesota General Partnership, developer of Parkers Lake North
4th Addition (87084), 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 ceduced as follows:
pscq.
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod (Covered
under Site Plan)
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 16,075
$ -0-
19,282
-0-
7,293
-0-
7,418
-0-
-0-
-0-
-0-
-0-
150
-0-
-0-
-0-
-0-
6,026
-0-
-0-
$ 56,244
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $5,776 to $0 (zero) to reflect the completed work.
Resolution No. 88- 856
Page Two
•FURTIIER BE IT RESOLVED that the bonding requirements for the followin; 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: $-0- $-0-
Letter of Credit: $-0- $-0-
FURTHER BE IT RESOLVED, that the sanitary sewer, watermain, storm sewer, street
construction and concrete curb and gutter 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
Councilmember Vasiliou , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Schneider. CouncilrEmbers Vasiliou and Sisk ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.