HomeMy WebLinkAboutCity Council Resolution 1990-404CITY 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 2nd day of July ,
1990. The following members were present: Mayor Bergman. Coun ilm Mb r.
Helliwell, Ricker. Vasiliou, and Zitur
The following members were absent: None
CounrIllmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-404
REDUCING DEVELOPMENT BOND
QUAIL RIDGE 4TH ADDITION (87134)
WHEREAS, in accordance with the development contract dated July 18, 1988, Cenvesco,
Inc., developer of Quail Ridge 4th Addition (87134), 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;
10 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 (See
Grading Permit No. 12929)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 74,360
$ -0-
46,969
-0-
44,515
-0-
7,740
-0-
7,200
7,200
-0-
-0-
300
300
-0-
-0-
-0-
21,730
-0-
_204
$ 202,814
$ 8,400
That the letter of credit required for the above items be reduced as detailed above
from $91,683 to $8,400 to reflect the completed work.
Resolution No. 90-404
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 Erosiot:
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning (See Grading Cash:
Permit No. 12929 Letter of Credit:
for required financial guarantees)
ORIGINAL AMOUNT NEW AMOUNT
$-0- $-0-
$-0- $-0-
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted for continual maintenance as of July 2, 1990 subject to the One Year Guarantee
by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Helliwell , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, Councilmembers Helliwell, Ricker, Vasiliou, ,
and 2.i tur
The following voted against or abstained: None _
Whereupon the Resolution was declared duly passed and adopted.