HomeMy WebLinkAboutCity Council Resolution 1990-692CITY 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 October
1990. The following members were present: Mayor Bergman, Councilmembers
Helliwell, Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-692
REDUCING DEVELOPMENT BOND
WOOD POINTE ESTATES ADDITION (88044)
WHEREAS, in accordance with the development contract dated July 18, 1988, Schoell and
Madson, Inc., developer of Wood Pointe Estates (88044), 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 (includes 2" PVC Sewer
Service Forcemain to Serve Lot 1)
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
$ 28,815
$ -0-
18,637
-0-
18,564
-0-
7,164
-0-
2,800
600
-0-
-0-
150
-0-
6,788
-0-
-0-
9-950
-0-
_ 7
$ 92,868
$ 672
That the letter of credit required for the above items be reduced as detailed above
from $896 to $672 to reflect the completed work.
Resolution No. 90- 692
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: $ 800 $ -0-
SECTION 14.13
Tree Preservation (Beyond the
construction zone)
Letter of Credit: $15,000 $2,300
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Vasiliou , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, Councilmembers Helliwell, Ricker Vasilinu- ,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.