HomeMy WebLinkAboutCity Council Resolution 1990-047CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 22nd day of January ,
1990. The following members were present: Mayor Bergman, Councilmembers ,
Helliwell., Ricker, and Vasiliou
The following members were absent: Councilmember Zitur
Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90- 47
REDUCING DEVELOPMENT BOND
STEEPLECHASE 5TH ADDITION (88041)
WHEREAS, in accordance with the development contract dated June 6, 1988, Lundgren
Brothers Construction, Inc., developer of Steeplechase 5th Addition (88041), 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
ORIGINAL.
as follows:
AMOUNT
NEW AMOUNT
I=
Street Construction (Excluding Proj.
813)
$ -0-
$ -0-
Sanitary Sewer
-0-
-0-
Watermain
-0-
-0-
Storm Sewer
-0-
-0-
Boulevard and Drainage Swale Sod
3,200
1,600
Pond or Ditch Construction
-0-
-0-
Street Signs
450
-0-
Site Grading and Drainage Improvements
-0-
-0-
Park and Trail Improvements
10,333
1,033
Design, Administration, Inspection,
As-Builts
438
316
TOTAL
$ 14,421
$ 2,949
That the letter of credit required for the above items be reduced as detailed above
from $14,421 to $2,949 to reflect the completed work.
Resolution No. 90-47
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:
ITEM
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning (Required
financial guarantee submitted
with Steeplechase 3rd Addition)
Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
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 Bergman, Councilmembers He liw 11- Rirkar, and Vasilied
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.