HomeMy WebLinkAboutCity Council Resolution 1988-880CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a restular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 19th day of December ,
1988. The following members were present: Mavor Schneider, Councilmemhera Vasiliou ,
Ricker and Zitur
_-The following members were absent: Cogneilmember Sia)&
Ca�mrilmamherLitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88- 880
REDUCING DEVELOPMENT BOND
FOX RUN 4TH ADDITION (88040)
WHEREAS, in accordance with the development contract dated June 6, 1988, Lundgren Bros.
Construction, Inc., developer of Fox Run 4th Addition (88040), 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:
ORIGINAL AMOUNT NEW AMOUNT
(Per Letter 8-11-88)
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
$ 84,100
$ 21,500
68,200
-0-
60,400
-0-
33,400
-0-
5,600
5,600
-0-
-0-
300
300
129,800
-0-
8,700
1,740
$ 425,500 $ 32,637
That the letter of credit required for the above items be reduced as detailed above
from $101,974 to $32,637 to reflect the completed work.
t
4e401ution No. 88-880
Pole Two
�g
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 AMO[1NT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $1,000
Letter of Credit: $27,000 $13,500
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, and storm sewer construction
is accepted for continual maintenance as of December 19, 1988 subject to the One Year
Guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Couneiis�est,ar Rin4sr , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Qehneider_ GeLneilmanhern Vanilinn- ainJsr &nA 74*..- ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.