HomeMy WebLinkAboutCity Council Resolution 1990-250CITY OF PLYMOUTH
'qw Pursuant to due call and notice thereof, a reeular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 2nd day of April ,
1990. The following members were present: Deputy Mayor Vasiliou. ,
Counrilmemhers Helliwell_ Ricker- and Zitrr
The following members were absent: Maynr Rpreman
Cnunc 7mpmhpr 7it-ur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-250
REDUCING DEVELOPMENT BOND
FISCHERS POND ADDITION (89039)
WHEREAS, in accordance with the development contract dated March 1, 1990, Madpatt
Enterprises and Esther J. Smith, developer of Fischers Pond Addition (89039), 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 Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 87,000
$ 65,000
45,000
9,000
45,200
9,04.0
29,800
5,960
5,200
5,200
-0-
-0-
450
450
24,000
24,000
-0-
28.398
-0-
14,238
$ 265,048
$ 132,888
That the letter of credit required for the above items be reduced as detailed above
from $265,048 to $132,888 to reflect the completed work.
Resolution No. 90-250
Page Two
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced as follows:
ITEM
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
*Cash:*Letter of of Credit:$ -0-
* See Grading Permit No's 19392 and 19393
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Helliwell , and upon vote being taken thereon, the following voted
in favor thereof: Deputy Mayor Vasiliou. Cotincilmembers Helliwell, Ricker, ,
40 and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.