HomeMy WebLinkAboutCity Council Resolution 1990-111CITY 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 8th day of February
1940. The following members were present: Mayor Bereman. Councilmembers Helliwell. ,
Ricker__Vasiliou. and Zitur
The following members were absent: None
CounrlImember Vasi1_1ou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-111
REDUCING DEVELOPMENT BOND
GLEASON LAKE SCHOOL ADDITION (88036)
WHEREAS, in accordance with the development contract dated September 22, 1988,
Independent School District 284, developer of Gleason Lake School Addition (88036), 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,
10 MINNESOTA; that the bonding requirements are reduced as follows:
Street Construction: 1st Ave. b
Co. Rd. 101 right -turn lane
Co. Rd. 101 left -turn Construction
Traffic Signal
Remodel Lift Station
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
$ 64,744
$ 6,464
75,628
7,563
80,000
8,000
6,293
629
4,700
-0-
-0-
-0-
150
150
-0-
-0-
-0-
27,782
-0-
2.737
$ 259,297
$ 25,543
That the letter of credit required for the above items be reduced as detailed above
from $259,297 to $25,543 to reflect the completed work.
Resolution No. 90-111
Page Two
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved develor.�msnt contract be reduced as follows:
Ear
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$-0- $-0-
$-0- $-0-
The motion for adoption of the foregoing Resolution was duly seconded by Councilmember
Zitur , and upon vote being taken thereon, the following voted in favor
thereof: Mayor Bergman, Councilmembers Helliwell, Ricker, Vasiliou, and Zitur. The
following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.