HomeMy WebLinkAboutCity Council Resolution 1990-370CITY OF PLYMOUTH
FF Pursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 18th day of June ,
1990. The following members were present: Mayor Bergman- CnitnrilmPmhPYc ,
Helliwell_, Ricker. Vasiliou. and Zitur
The following members were absent: Nnne
C!2uncilmember Vaciliou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90- 370
REDUCING DEVELOPMENT BOND
HERITAGE RIDGE PLAT TWO ADDITION (89036)
WHEREAS, in accordance with the development contract dated October 12, 1989, Host
Development by International Development, Inc. and Host Development by Al Stobbe
Construction, developer of Heritage Ridge Plat Two (89036), 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 $ 95,400 $ 95,400
Sanitary Sewer 72,500 14,500
Watermain 60,000 12,000
Storm Sewer 56,600 11,320
Boulevard and Drainage Swale Sod 7,600 7,600
Pond or Ditch Construction (included with grading) -0- -0-
Street Signs 600 600
Site Grading and Drainage Improvements 80,000 8,000
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 44,724 15,661
TOTAL
$ 417,424 $ 165,081
That the letter of credit required for the above items be reduced as detailed above
from $417,424 to $165,081 to reflect the completed work.
Resolution No. 90- 370
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
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$ 1,000 $ 1,000
$31,900 $31,900
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Vasiliou, and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman. Coin ilm mh rs HPl1iwo 11- Bicker, Vas;l;rni, ,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.