HomeMy WebLinkAboutCity Council Resolution 1990-405CITY 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: M_avor Berman, Councilmember ,
Helliwell, Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-405
REDUCING DEVELOPMENT BOND
WESTWOOD RIDGE 2ND ADDITION (85108)
WHEREAS, in accordance with the development contract dated March 2, 1987, Graham
Development Company and Commercial Excavating, Inc., developer of Westwood Ridge 2nd
Addition (85108), 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
(See Grading permit No. 8996)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 99,790
$ -0-
45,047
-0-
37,480
-0-
23,963
-0-
6,000
2,200
-0-
-0-
600
-0-
-0-
-0-
-0-
25,546
-0-
264
$ 238,426 $ 2,464
That the letter of credit required for the above items be reduced as detailed above
from $41,719 to $2,464 to reflect the completed work.
Resolution No. 90-405
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: $-0- $-0-
Letter of Credit: $-0- $-0-
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, storm sewer, 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 Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.