HomeMy WebLinkAboutCity Council Resolution 1990-724CITY 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- 724
REDUCING DEVELOPMENT BOND
CATES PLYMOUTH CREEKSIDE ESTATES (85019)
WHEREAS, in accordance with the development contract dated October 16, 1985, Wallace H.
Cates and Erica C. Cates, developer of Cates Plymouth Creekside Estates (85019), 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; ghat the bonding requirements are reduced as follows:
ITEM
Street Construction
ORIGINAL• AMOUNT
$ 86,225
NEW AMOUNT
$ -0-
Sanitary Sewer
37,884
-0-
Watermain
20,060
-0-
Storm Sewer
6,484
-0-
Boulevard and Drainage Swale Sod
4,800
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
300
-0-
Site Grading and Drainage Improvements
-0-
-0-
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts
18,690
-0-
TOTAL
$ 174,443
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from 527,162 to $0 (zero) to reflect the completed work.
Resolution No. 90-724
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
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$ 1,000 $1,000
$19,000 $ -0-
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, storm sewer, street
construction, and concrete curb and gutter is accepted for continual maintenance as of
November 5, 1990.
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 :hereof: Mayor Bergman, Councilmembers Helliwell, Ricker, Vasiliou,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.