HomeMy WebLinkAboutCity Council Resolution 1990-276CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a rPgiJ ar meeting of the City Council of
the City of Plymouth, Minnesota was held on the lArh day of _April
1990. The following members were present: Mayor Bergman, Councilmembers Helliwell ,
Ricker, and Zitur
The following members were absent: Councilmember Vasiliou
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90- 276
REDUCING DEVELOPMENT BOND
SCHERER INDUSTRIAL DEVELOPMENT 2ND ADDITION (86018)
WHEREAS, in accordance with the development contract dated June 4, 1986, Scherer
Brothers Lumber Company, developer of Scherer Industrial Development 2nd Addition
(86018), 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, '.he 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 (excluding Project 616)
Sanitary Sewer
Watermain (excluding Project 616)
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-
-0-
-0-
-0-
-0-
-0-
-0-
3,800
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
456
-0-
-0
$ 4,256
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $4,256 to $0 (zero) to reflect the completed work.
Resolution No. 90- 276
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 (See Grading Cash: $-0- $-0-
Permit No. 4219) Letter of Credit: $-0- $-0-
FURTHER BE IT RESOLVED that Letter of Credit No. 68253 is hereby released.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Ricker , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, Councilmembers Helliwell and Ricker ,
The following voted against or abstained: Councilmember Zitur
Whereupon the Resolution was declared duly passed and adopted.