HomeMy WebLinkAboutCity Council Resolution 1990-572CITY 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 10th day of September ,
1990. The following members were present: Mayor Bergman. Coun ilmPmhera Helliwell ,
Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-572
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;
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 $ 24,500 $ 5,500
Sanitary Sewer 14,000 -0-
Watermain 13,500 -0-
Storm Sewer -0- -0-
Boulevard and Drainage $wale Sod 2,400 2,400
Pond or Ditch Construction -0- -0-
Street Signs -0- -0-
Site Grading and Drainage Improvements -0- -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 6.528 948
TOTAL
$ 60,928 $ 8,848
That the letter of credit required for the above items be reduced as detailed above
from $36,288 to $8,848 to reflect the completed work.
Resolution No. 90-572
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: $-0- $-0-
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer construction
is accepted for continual maintenance as of September 10, 1990 subject to the Two Year
Guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Coun ilm mh Vacilinu , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman- Counrilmemharc HP11ivP11; Ricker. Ynsilin,l, ,
and Zlttir
The following voted against or abstained: Nnne
Whereupon the Resolution was declared duly passed and adopted.