HomeMy WebLinkAboutCity Council Resolution 1990-484CITY 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 6th day of August
1990. The following members were present:
Helliwell, Zitur, Vasiliou, Ricker, Bergman
The following members were absent: None
Councilmember Vasiliou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90- 484
REDUCING DEVELOPMENT BOND
STEEPLECHASE 7TH ADDITION (90008)
WHEREAS, in accordance with the development contract dated February 20, 1990, Lundgren
Brothers Construction, Inc., developer of Steeplechase 7th Addition (90008), 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;
1pNOW, 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
$ 24,500
$ 24,500
14,000
2,800
13,500
2,700
-0-
-0-
2,400
2,400
-0-
-0-
-0-
-0-
-0-
-0-
-0-
6,528
-0-
3,888
$ 60,928 $ 36,288
That the letter of credit required for the above items be reduced as detailed above
from $60,928 to $36,288 to reflect the completed work.
Resolution No. 90- 484
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:
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash: $1,000 $1,000
Letter of Credit: $-0- $-0-
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: a we 1, Zitur, Vasiliou, Ricker, Bergman
The following voted against or abstained:
None ,
Whereupon the Resolution was declared duly passed and adopted.
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