HomeMy WebLinkAboutCity Council Resolution 1990-175CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a rogular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 76th day of February ,
1990. The following members were present: Maynr Rprgman, Cnunniin mh rs ,
4103344m" -9 31-64140--! and 71tur
The following members were absent: Nnna
Councilmember Vasiliou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-175
REDUCING DEVELOPMENT BOND
DEERHAVEN THIRD ADDITION (89105)
WHEREAS, in accordance with the development contract dated January 22, 1990, Lowry Hill
Construction Company, developer of Deerhaven Third Addition (89105), 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 (includes street restoration)
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
$ -0-
$ -0-
17,180
10,130
-0-
-0-
1,500
150
800
800
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-2.33$
-0-
x,34
$ 21,818
$ 12,410
That the letter of credit required for the above items be reduced as detailed above
from $21,818 to $12,410 to reflect the completed work.
FURTHER BE IT RESOLVED that the bonding requirements for the following itewL -Qr
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
Cash: $1,000 $1,000
Letter of Credit: $ -0- $ -0-
The motion for the adoption o: the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Berman, Councilmembers Helliwell Ricker- Vasilic,u- ,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.