HomeMy WebLinkAboutCity Council Resolution 1990-327CITY 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 21st day of May
1990. The following members were present: Mayor Bergman. Councilm mberc H 11 w 11 ,
Ricker, Vasiliou, and Zitur
The fallowing members were absent: None
*** *** ***
Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-327
REDUCING DEVELOPMENT BOND
ZACHARY HEIGHTS ADDITION (88042)
WHEREAS, in accordance with the development contract dated January 23, 1989 the Graham
Development Co. developer of Zachary Heights Addition (88042) 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 that
. the bonding requirements are reduced as follows:
ORIGINAL. AMOUNT
Project (I) (2) (3) Original
Public Public Private Total
Street Construction
$ -0-
$ 53,330
$ -0-
$ 53,330
Concrete Curb and Gutter
8,636
-0-
-0-
8,636
Sanitary Sewer
-0-
52,908
-0-
52,908
Watermain
-0-
*36,559
-0-
36,559
Storm Sewer
-0-
28,545
-0-
28,545
Boulevard & Drainage
Swale Sod
-0-
-0-
3,200
3,200
Pond or Ditch Construction
-0-
-0-
-0-
-0-
Street Signs
-0-
300
-0-
300
Park and Trail Improvements
-0-
-0-
-0-
-0-
Site Grading & Drainage Improvements
(Grading
Permit No. 18491 issued)
Design, Administration,
Inspection, As-Builts
-0-
20,597
384
20,981
ORIGINAL TOTAL
$8,636
$192,239
$3,584
$204,459
* Does not include the cost of the
12" watermain
in Schmidt Lake Road
that is to be
reimbursed to the developer.
(1) Public Improvement Project No. 705
- City to own and/or
maintain after development
. complete.
(2) Developer Improvements. City to
own and maintain after
development
complete.
(3) Private - Property owner and/or
property owner's
association to maintain
after
development completed.
Resolution No. 90--327
Page Two
ITEM
Street Construction
Concrete Curb and Gutter
Sanitary Sewer
Watermain
Storm Sewer
Boulevard & Drainage
Swale Sod
Pond or Ditch Construction
Street Signs
Park and Trail Improvements
Site Grading & Drainage Improvements
Design, Administration,
Inspection, As-Builts
ORIGINAL TOTAL
NEW AMOUNT
Project 77QQ
New
Public
Public�
Private(3)
Total
$ -0-
$ 8,330
$ -0-
$ 8,330
8,636
-0-
-0-
8,636
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0- -0-
-0- -0-
-0- 300
-0- -0-
(Grading Permit No
2,600 2,600
-0- -0-
-0- 300
-0- -0-
1849 issued)
-0- 1'036 312 1,348
$8,636 $ 9,666 $ 2,912 $ 21,214
That the letter of credit required for the above items be reduced as detailed above
from $25,348 to $9,666 to reflect the completed work on the public improvements
(excluding Project No. 705) and be reduced from $3,584 to $2,912 to reflect the
completed work on the private improvements.
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, and storm sewer construction
is accepted for continual maintenance as of May 21, 1990, subject to the One Year
Guarantee by the developer.
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:
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning (Grading Permit No 18491
Issued) Cash:
Letter of Credit:
$ -0- $ -0-
$ -0- $ -0-
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, Councilmembers Helliwell, Ricker, Vasiliou, and
Zitur '
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.