HomeMy WebLinkAboutCity Council Resolution 1990-646CITY 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 1st day of October ,
1990. The following members were present: Mayor Bergman, Coun ilm mbe s Helliwell ,
Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Vasiliou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-646
REDUCING DEVELOPMENT BOND
SWAN LAKE WEST ADDITION (89025)
WHEREAS, in accordance with the development contract dated October 2, 1989, Kings North
Corporation, developer of Swan Lake West Addition (89025), 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 (Excluding Proj. 948) $
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
145,104
$ 14,510
109,429
10,943
111,170
11,117
84,335
-0-
8,200
7,400
-0-
-0-
600
600
150,000
31,438
9,280
74,174
928
9.232
$ 692,292 $ 86,168
That the letter of credit required for the above items be reduced as detailed above
from $156,269 to $86,168 to reflect the completed work.
Resolution No. 90-646
Page Two
is 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 (See Grading Cash: $-.0-
Permit No. 21412 Letter of Credit: $-0-
For Required Financial Guarantee)
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, Councilmembers Helliwell, Ricker, Vasiliou ,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
XICX