HomeMy WebLinkAboutCity Council Resolution 1990-690CITY 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 15th day of OrtnhPr ,
1990. The following members were present: Mayor Bergman. CoUn ilm mbprs ,
Helliwell, Ricker, Vasiliou, and Zitur
The following members were absent: None
_Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90- 690
REDUCING DEVELOPMENT BOND
STEEPLECHASE 6TH ADDITION (89078)
WHEREAS, in accordance with the development contract dated September 11, 1989, Lundgren
Brothers Construction, Inc., developer of Steeplechase 6th Addition (89078), 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
$ 31,000
$ -0-
21,000
-0-
20,000
-0-
9,400
-0-
2,400
1,000
-0-
-0-
300
-0-
-0-
-0-
0-
9,200
9,200
11,196
-0-
120
$ 104,496
$ 1,120
That the letter of credit required for the above items be reduced as detailed above
from $104,496 to $1,120 to reflect the completed work.
Resolution No. 90-690
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: $-0- $-0-
Letter of Credit: $-0- $-0-
Required financial guarantee submitted with
Steeplechase 3rd Addition
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, storm sewer, street
construction, concrete curb and gutter and trail construction is accepted for continual
maintenance as of October 15, 1990 subject to the One Year Guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Cnunrilmemhar Vaailiou , 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.