HomeMy WebLinkAboutCity Council Resolution 1990-573CITY OF PLYMOUTH
10 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 Bereman. Councilmembers
Helliwell. Ricker. Vasiliou. and Zitur
The following members were absent: None
Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90373
REDUCING DEVELOPMENT BOND
FOX RUN 5TH ADDITION (89058)
WHEREAS, in accordance with the development contract dated February 20, 1990, Lundgren
Brothers Construction, Inc., developer of Fox Run 5th Addition (89058), 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
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 24,000
$ 7,500
4,500
-0-
14,000
-0-
16,000
-0-
2,000
2,000
-0-
-0-
150
150
-0-
-0-
-0-
7-278
-0-
1.158
$ 67,928 $ 10,808
That the letter of credit required for the above items be reduced as detailed above
from $37,016 to $10,808 to reflect the completed work.
Resolution No. 90-573
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:
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 mbyacilin., , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, Councilmembers He 7ivel l Rirkpr+yaaili„it� ,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted. .