HomeMy WebLinkAboutCity Council Resolution 1990-720CITY 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, Vasiliou, and Zitur
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-720
REDUCING DEVELOPMENT BOND
STEEPLECHASE 8TH ADDITION (90068)
WHEREAS, in accordance with the development contract dated August 2, 1990, Lundgren
Brothers Construction, Inc., developer of Steeplechase 8th Addition (90068), 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 $ 40,000 $ 20,000
Sanitary Sewer 29,000 5,800
Watermain 20,000 4,000
Storm Sewer 30,000 6,000
Boulevard and Drainage Swale Sod 3,600 3,600
Pond or Ditch Construction -0- -0-
Street Signs 150 150
Site Grading and Drainage Improvements 29,400 5,880
Park and Trail Improvements 3,000 3,000
Design, Administration, ?nspection, As-Builts 18,618 5.812
TOTAL
$ 173,768 $ 54,242
That the letter of credit required for the above items be reduced as detailed above
from $173,768 to $54,242 to reflect the completed work.
Resolution No. 90-720
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:
Maintenance of Erosion
and Sediment Control Plan
S _�L Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$ 1,000 $ 1,000
$10,600 $10,600
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. Councilmembers Hellin 11- Ricker- vasilio., ,
and Zitur
The following voted against or abstained. lune
Whereupon the Resolution was declared duly passed and adopted.