HomeMy WebLinkAboutCity Council Resolution 1990-508CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular r meeting of the City Council of
the City of Plymouth, Minnesota was held on the 20th day of Aufyst
1990. The following members were present: Mayor Ber,;nan, Covin,.: i lmt277 )ers
Helliwell, Ricker, Vasiliou. and Zitur
The following members were absent: None
Cnunrilmemher Z.itur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-508
REDUCING DEVELOPMENT BOND
SHILOH PINES ADDITION (88025)
WHEREAS, in accordance with the development contract dated March 6, 1919, %ina W.
Wildman and B & H Supply, Inc.., developer of Shiloh Pines Addition '88025), has agreod
to install certain improvements for said' development; and
WHEREAS, the developer has completed a portion of the street, tits liry and ries gradirly
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
21, 141
5 Es, 4214
22,040
1,71,3
15,9(.5
1,1311
15,456
1,237
2,200
2,200
-0-
300
300
65,000
-0-
-0-
17 . j 72
1-465
S Ih5,875
$ 13,671
That the letter of credit required for the above items be reduced as detailed above
from $23,047 to $13,671 to reflect the completed work.
Resolution No. 40-508
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: $10,600 $5,300
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. Coun ilmembers He1_1_iwe11. Rirkar, Vaaitinit, ,
and Zitur
The following voted against or abstained: Nonp
Whereupon the Resolution was declared duly passed and adopted.