HomeMy WebLinkAboutCity Council Resolution 1990-374CITY 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, rouncilmembers
RP11iwP11F Ricker. Vasiliou. and Zitur
The following members were absent: None
Councilmember Vasiliou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90- 374
REDUCING DEVELOPMENT BOND
BASS LAKE CORPORATE CENTER FIRST ADDITION (88146)
WHEREAS, in accordance with the development contract dated May 1, 1989 Opus
Corporation, developer of Bass Lake Corporate Center First Addition (88146), 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 (Nathan Ln. & Trenton Ln.) $ 264,937 $105,975
Sanitary Sewer 25,658 -0-
Watermain 44,890 -0-
Storm Sewer 17,619 -0-
Boulevard and Drainage Swale Sod 6,520 6,520
Pond or Ditch Construction 7,050 7,050
Street Signs 300 -0-
Site Grading and Drainage Improvements -0- -0-
Street Lighting 17,860 -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 46-180 14,345
TOTAL,
$ 431,014 $ 133,890
That the letter of credit required for the above items be reduced as detailed above
from $431,014 to $133,890 to reflect the completed work.
Resolution No. 90-374
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:
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: $2,000 $2,000
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, storm sewer, concrete curb
and gutter, and bituminous base construction in Nathan Lane (from County Road No. 10
northerly approximately 800 feet) is accepted for continual maintenance as of June 18,
1990 subject to the One Year Guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Counchar Zitur , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman. Councilmembers Helliwell, Ricker, Vasiliou. ,
10 The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.