HomeMy WebLinkAboutCity Council Resolution 1990-252CITY 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 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
Cnnnrilmemh-r Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-152
REDUCING DEVELOPMENT BOND
PARKERS LAKE CORPORATE CENTER 2ND ADDITION (88138)
WHEREAS, in accordance with the development contract dated December 5, 1988, United
Properties Development Company, developer of Parkers Lake Corporate Center 2nd Addition
(88138), 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 (Does not include raw water line
or 1/2 cost of 24" watermain to :e
be reimbursed to developer)
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
$ 16,160
$ 16,160
-0-
-0-
12,340
1,234
7,370
737
2,500
2,500
-0-
-0-
150
-0-
12,000
6,000
1,864
6,286
1,864
3-419
$ 58,670 $ 31,914
That the letter of credit required for the above items remain as detailed above at
$31,914 to reflect the completed work.
•
Resolution No. 90- 252
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: $3,920 $2,000
FURTHER BE IT RESCLVED that the letter of credit required for the above items remain at
$2,000 while the required cash deposit remains at $1,000.
FURTHER BE IT RESOLVED that the 16" raw water line construction is accepted for
continual mai►,cenance as of April 2, 1990 subject to the One Year Guarantee by the
developer.
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, Councilmembers Hell1well, Ricker, ,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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