HomeMy WebLinkAboutCity Council Resolution 1990-511CITY 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 August ,
1990. The following members were present: _Mayor Bergman, Councilmembers
Helliwell, Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-511
REDUCING DEVELOPMENT BOND
BOULDER RIDGE ADDITION (88124)
WHEREAS, in accordance with the development contract dated July 24, 1989, Krutzig
Homes, Inc. on behalf of Hillsborough Manor, Inc., developer of Boulder Ridge Addition
(88124), 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
(SC -P20 Outlet Structure)
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 14,400
$ 3,660
82,350
-0-
28,600
-0-
7,700
-0-
6,700
200
1,200
-0-
150
-0-
10,000
-0-
4,800
18,708
960
-554
$ 174,608
$ 5,370
That the letter of credit required for the above items be reduced as detailed above
from $7,358 to $5,370 to reflect the completed work.
Resolution No. 90-511
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 Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$1,000 $1,000
$7,900 $3,950
The motion for the adoption of the foregoing Resolution was duly seconded by
ouncilmember Helliwell , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, Councilmembers Helliwell, Ricker, Vasiliou,
.The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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