HomeMy WebLinkAboutCity Council Resolution 1990-371CITY 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 18th day of June
1990. The following members were present: Mayor Bergman, Councilmembers
Helliwell. Ricker. Vasiliou, and Zitur
The following members were absent: None
Cnuneilmemher Vasiliou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-371
REDUCING DEVELOPMENT BOND
BASS LAKE WOODS ADDITION (84075)
WHEREAS, in accordance with the development contract dated November 15, 1984, Bass Lake
Woods Associates, developer of Bass Lake Woods Addition (84075), 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
$ 74,700
$ -0-
66,000
-0-
56,000
-0-
74,000
2,500
8,200
800
-0-
-0-
600
-0-
48,200
-0-
-0-
39,324
-0-
300
$ 367,024
$3,600
That the letter of credit required for the above items be reduced as detailed above
from $5,000 to $3,600 to reflect the completed work.
Resolution No. 90-371
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: $12,500 $2,000
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: Nnna
Whereupon the Resolution was declared duly passed and adopted.