HomeMy WebLinkAboutCity Council Resolution 1988-882CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a rEan7_r meeting of the City Council of
the City of Plymouth, Minnesota was held on the 19th day of necemher ,
1988. The following -members were present: Mayor Schneider, Counellmembers Vasiliou ,
` Rcker`and Ztur _
'The following sabers were absent: Counclmember Sisk
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-882
REDUCING DEVELOPMENT BOND
MALLARD POINTE ADDITION (87110)
WHEREAS, in accordance with the development contract dated January 27, 1988, Northland
Land Company, developer of Mallard Pointe Addition (87110), 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 fITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
I=
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
$ 19,639
$ 10,000
12,069
2,414
9,717
1,943
44,295
8,859
2,400
1,200
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
$ 98,694 $ 27,346
That the letter of credit required for the above items be reduced as detailed above
from $98,694 to $27,346 to reflect the completed work.
'1-882
lution No &.3
Mage TWO
ttRTHER-SE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced as follows:
ORIGINAL Al10UNT NEW AMOUNT
Maintenanco.of.Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sever Cleaning (See Site
Performance Agreement for details) Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
The notion for the adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the following voted
in favor thereof: Mayar Sehne ou ilmemhers Vasiliou. Ricker and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.