HomeMy WebLinkAboutCity Council Resolution 1990-60616
CITY 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 24th day of September ,
1990. The following members were present: Mayor Bergman, Councilmembers HeliiwPll ,
Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Zitur
adoption:
introduced the following Resolution and moved its
RESOLUTION NO. 90-606
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
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
$ 134,982
$ 134,982
18,544
-0-
55,5;3
-0-
23,920
-0-
6,270
6,270
-0-
-0-
300
300
172,900
-0-
-0-
49.491
-0-
16.986
$ 461,920 $ 158,538
That Letter of Credit No. 3208 required for the above items be reduced as detailed
above from $180,486 to $158,538 to reflect the completed work.
Resolution No. 90- 606
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:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$1,000 $1,000
$55,200 $55,200
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, and storm sewer construction
is accepted for continual maintenance as of September 24, 1990 subject to the One Year
Guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
favor Bergman , and upon vote being taken thereon, the following voted
in favor thereof: mayor Bergman Coun ilmpmhprc Hplliwpll- Rir, tiara Vasil ou. ,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.