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HomeMy WebLinkAboutCity Council Resolution 1990-719CITY 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, Councilmembers Helliwell, Ricker, Vasilioxi, andLitur The following members were absent: None Councilmember Zitur introduced the following Resolution and moved its adoption: RESOLUTION NO. 90- 719 REDUCING DEVELOPMENT BOND PONDEROSA WOODS ADDITION (88139) WHEREAS, in accordance with the development contract dated October 16, 1989, Antoine J. Poppelars, Simone F. Poppelars, Daniel A. Poppelars, Carrie Lyn Poppelars, developers of Ponderosa Woods (88139), 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 $ 24,223 $ 2,000 14,715 -0- 10,671 -0- 5,640 -0- 2,160 800 -0- -0- 150 -0- 19,480 1,000 -0- 9,245 -0- 456 $ 86,284 $ 4,256 That the letter of credit required for the above items be reduced as detailed above from $51,535 to $4,256 to reflect the completed work. Resolution No. 90-719 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 **L::*er of Credit: $ -0- $ -0- ** See Grading Permit No. 21939 FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is accepted for continual maintenance as of November 5, 1990 subject to the One Year Guarantee by the developer. * FURTHER BE IT RESOLVED that the developer chose to install the wearing course this year and understands if there is any damage to the street in 1991 caused by construction in the area, the City may require the developer to seal coat the street in accordance with City standards. 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_ rnuncilmPmh ra Helliwell Ricker Vasi iou- , and Zitur The following voted against or abstained: None Whereupon the Resolution was declared duly passed and adopted.