HomeMy WebLinkAboutCity Council Resolution 1990-717CITY 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 5th day of November _,
1990. The following members were present: Mayor Bergman, CouncilmemberQ Helliwell.
Ricker, Vasiliou, and Zitur
The following members were absent: None
1C X )f
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-717
REDUCING DEVELOPMENT BOND
BASS LAKE CORPORATE CENTER FIRST ADDITION (88146)
WHEREAS, in accordance with the development contract dated May 1, 1989 Opus
Corporation, developer of Bass Lake Corporate Center First Addition (88146), 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 (Nathan Ln. & Trenton Ln.) $
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Street Lighting
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
264,937
$ -0-
25,658
-0-
44,890
-0-
17,619
-0-
6,520
-0-
7,050
-0-
300
-0-
-0-
-0-
17,860
-0-
-0-
46,180
-0-
_0_
$ 431,014 $ -0-
That the letter of credit required for the above items be reduced as detailed above
from $5,000 to $0 (zero) to reflect the completed work. Letter of Credit No. SB8584 is
hereby released.
Resolution No. 90-717
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:
ITE
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: $2,000 $2,000
The motion for the adoption of the foregoing Resolution was duly seconded by
Mayor Bergman , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman. Councilmemhars un11,4—al1! a4ck-grr ,
Vasiliou, and Zitur
The following voted against or abstained: Nnno
Whereupon the Resolution was declared duly passed and adopted.