HomeMy WebLinkAboutCity Council Resolution 1990-509CITY 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 20th day of Angutr ,
1990. The following members were present: mayor Sergutan_ Cc -u ncilmelliwell
Ricker, Vasiliou, and Zitur
The following members were absent: None
C.aunrilmem6er 71tur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90- 509
REDUCING DEVELOPMENT BOND
HERITAGE RIDGE PLAT TWO ADDITION (Noi16)
WHEREAS, in accordance with the development contract dated October 12, 1989, Host
Development by International Development, Inc. and Host Development by Al Stuhhe-
Construction, developer of Heritage Ridge Plat Two (FiQO36), has agreed to inAtall
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;
1bNOW, 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 S
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction (included with grading.
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Buitts
TOTAL
95,400
S 20,000
72.500
14,S-)0
60,000
12,000
56,600
11,320
7, 60t)
7,600
-1-
-0-
600
600
80.000
8,000
-0-
44.724
-0-
8_a®2
S 417,424 S 82,902
That the letter of credit required for the above items be reduced as detailed above
from $165,081 to $82,902 to reflect the completed work.
Resolution No. 90-509
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:
0
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
$ 1,000 $ 1,000
$31,900 $31,900
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, Councilum-mbprs HpiliwPll, Ricker. Vasilinti- ,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.