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HomeMy WebLinkAboutCity Council Resolution 1990-251CITY OF PLYMOUTH iPursuant to due call and notice thereof, a regular 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, Councilmembers Helliwell, Ricker, and Zitur ' The following members were absent: Mayor Bergman Councilmember Zitur adoption: introduced the following Resolution and moved its RESOLUTION NO. 90-251 REDUCING DEVELOPMENT BOND PONDEROSA WOODS ADDITION (88139) WHEREAS, in accordance with the development contract dated October 16, 1989, Antoine J. Poppelars, Simone F. Poppelars, Daniel A. Poppelars, Carrie Lyn Poppelars, developer of Ponderosa Woods (88139), 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 QRIGINAL AMOUNT NEW AMOUNT $ 24,223 $ 24,223 14,715 2,943 10,671 2,134 5,640 1,128 2,160 2,160 -0- -0- 150 150 19,480 19,480 -0- 9.245 -0- 6.266 $ 86,284 $ 58,484 That the letter of credit required for the above items be reduced as detailed above from $86,284 to $58,484 to reflect the completed work. Resolution No. 90- 251 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: $1,000 $1,000 *Letter of Credit: $ -0- $ -0- * See Grading Permit No. 21939 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 Vasilirn,, CouncilmPmhera Ralliwall, Ricker. and Zitur The following voted against or abstained: gnnp Whereupon the Resolution was declared duly passed and adopted. *** *** ***