HomeMy WebLinkAboutCity Council Resolution 1988-883WHEREAS, in accordance with the development contract dated December 5, 1988, DeVries
Builders, Inc., David C. Bell Investment Company, developer of Wild Wings 2nd Addition
(88046), 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:
kkiE
Street Construction (does not include
Schmidt Lake Road, Proj. 705) $ 26,382 $ 26,382
Concrete curb and gutter 992 992
Sanitary Sewer 55,895 11,179
Watermain 20,438 4,088
Storm Sewer 14,255 .4,255
Boulevard and Drainage Swale Sod 2,600 2,600
Pond or Ditch Construction -0- -0-
Street Signs 300 300
Site Grading and Drainage Improvements (See Grading
Permit #17583) -0- -0-
Park and Trail Improvements 5,500 5,500
Design, Administration, Inspection, As-Builts 15,044 7836
TOTAL $ 141,406 $ 73,132
That the letter of credit required for the above items be reduced as detailed above
from $141,406 to $73,132 to reflect the completed work.
CITY OF
PLYMOUTH
to
due call and notice thereof, a
regular meeting of the City Council of
'V___`Pursuant
the City of
Plymouth, Minnesota was held on
the 19th day of December
1988. The
following members were present:
Mayor Schneider, Councilmembers Vasiliou
Ricker and
Zitur
<<The following members were absent: Councilmember
Sisk
***
w
. s'nuncilmemher
Zitur introduced
the following Resolution and moved its
adoption:
RESOLUTION
NO. 88-883
REDUCING DEVELOPMENT BOND
WILD WINGS 2ND
ADDITION (88046)
m
WHEREAS, in accordance with the development contract dated December 5, 1988, DeVries
Builders, Inc., David C. Bell Investment Company, developer of Wild Wings 2nd Addition
(88046), 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:
kkiE
Street Construction (does not include
Schmidt Lake Road, Proj. 705) $ 26,382 $ 26,382
Concrete curb and gutter 992 992
Sanitary Sewer 55,895 11,179
Watermain 20,438 4,088
Storm Sewer 14,255 .4,255
Boulevard and Drainage Swale Sod 2,600 2,600
Pond or Ditch Construction -0- -0-
Street Signs 300 300
Site Grading and Drainage Improvements (See Grading
Permit #17583) -0- -0-
Park and Trail Improvements 5,500 5,500
Design, Administration, Inspection, As-Builts 15,044 7836
TOTAL $ 141,406 $ 73,132
That the letter of credit required for the above items be reduced as detailed above
from $141,406 to $73,132 to reflect the completed work.
elution No. 88-883
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
u..
Section 8.1 of the approved development contract be reduced as follows:
ITEM
ORIGINAL AMOIINT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning (For financial
information see Grading
Permit No. 17583) Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
The motion for the adoption of the foregoing Resolution was duly seconded by
} Councilmember Ricker , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Schneider, Councilmembers Vasiliou, Ricker and Zitur ,