HomeMy WebLinkAboutCity Council Resolution 1990-089CITY OF PLYMOUTH
IV Pursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 5th day of February
1990. The following members were present• Mayor Bergman,_Councilmembers Helliwell,
Ricker, Vasiliou, and Zitur '
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-89
REDUCING DEVELOPMENT BOND
THE MEADOWS OF BASS LAKE ADDITION (87059)
WHEREAS, in accordance with the development contract dated February 17, 1988, Mien Fa
Tchou, Craig E. Scherber, and Wendy J. Scherber, developer of The Meadows of Bass Lake
Addition (87059), 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:
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and DraiJage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 44,040
$ -0-
64,031
-0-
28,506
-0-
31,649
-0-
5,800
5,000
-0-
-0-
450
-0-
86,720
5,000
-0-
31,343
-0-
1-20
$ 292,539
$ 11,200
That the letter of credit required for the above items be reduced as detailed above
from $37,713 to $11,200 to reflect the completed work.
Resolution No. 90- 89
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
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$1,000 $1,000
$33,000 $16,500
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted for continual maintenance as of February 5, 1990, subject to the One Year
Guarantee by the Developer.
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 Bergman, Councilmembers Helliwell, Ricker Vasittnn- ,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.