HomeMy WebLinkAboutCity Council Resolution 1990-698CITY 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. 90-698
REDUCING DEVELOPMENT BOND
WILD WINGS 3RD ADDITION (88141)
WHEREAS, in accordance with the development contract dated January 23, 1989, David C.
Bell Investment Company and DeVries Builders, Inc., developer of Wild Wings 3rd
Addition (88141), 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 (Does not include
Schmidt Lake Road, Proj. 705)
Concrete Curb and Gutter (Separate Financial
Guarantee for Proj. 705, not included in
total columns)
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements (See
Grading Permit 017583)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 58,233
$ -0-
5,330
5,330
28,366
-0-
29,687
-0-
8,585
-0-
4,000
1,600
-0-
-0-
450
-0-
-0-
-0-
18,804
17.775
-0-
192
$ 165,900
$ 1,792
That the letter of credit (No. 8255) required for the above items (excluding Project
No. 705) be reduced as detailed above from $16,363 to $ 1,792 to reflect the completed
work.
* Does not include the estimated reimbursement cost for the difference between the
8" and 12" watermain per Item 3.3 in the executed development contract.
Resolution No. 90- 698
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-
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter 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
Councilmember Vasiliou , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, Councilmembers Helliwell Ricker- VaGilin„- ,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.