HomeMy WebLinkAboutCity Council Resolution 1990-563CITY OF PLYMOUTH
4W Pursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 10th day of September
1990. The following members were present: Mayor Bergman, Councilmembers Hellin_,
Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-563
REDUCING DEVELOPMENT BOND
LAKE CAMELOT ESTATES 3RD ADDITION (89044)
WHEREAS, in accordance with the development contract dated January 30, 1990, The
Rottlund Company, Inc., developer of Lake Camelot Estates 3rd Addition (89044), 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 $ 134,982 $ 134,982
Sanitary Sewer 18,544 3,709
Watermain 55,513 11,103
Storm Sewer 23,920 4,784
Boulevard and Drainage Swale Sod 6,270 6,270
Pond or Ditch Construction -0- -0-
Street Signs 300 300
Site Grading and Drainage Improvements 172,900 -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 49,491 19.338
TOTAL
$ 461,920 $ 180,486
That Letter of Credit No. 3208 required for the above items be reduced as detailed
above from $461,920 to $180,486 to reflect the completed work.
Resolution No. 90-563
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:
.ITB 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: $55,200 $55,200
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Vasiliou , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, Councilmembers Helliwell, Rirkar, Vaeilinn- ,
and Zitur
The following voted against or ahemrained: None
Whereupon the Resolution was declared duly passed and adopted.