HomeMy WebLinkAboutCity Council Resolution 1990-726CITY 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 Tanitar;z ,
1990. The following members were present: Mayor Bergman, Councilmembers ,
Helliwell, Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Zitur
adoption:
introduced the following Resolution and moved its
RESOLUTION NO. 90- 726
REDUCING DEVELOPMENT BOND
WILD WINGS 4TH ADDITION (89050)
WHEREAS, in accordance with the development contract dated June 30, 1989, David C. Bell
Investment Company and DeVries Builders, Inc., developer of Wild Wings 4th Addition
(89050), 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 $ 105,160 $ -0-
Sanitary Sewer 89,262 -0-
Watermain 81,639 -0-
Storm Sewer 13,456 -0-
Boulevard and Drainage Swale Sod 8,000 8,000
Pond or Ditch Construction -0- -0-
Street Signs 600 600
Site Grading and Drainage Improvements (Grading Permit No. 17583 Issued)
Park and Trail Improvements (See Sec. 13.1 Wild Wings 3rd Add Dev. Contract)
Design, Administration, Inspection, As-Builts 35,774 1032
TOTAL
$ 333,891 $ 9,632
That the letter of credit required for the above items be reduced as detailed above
from $103,657 to $9,632 to reflect the completed work.
Resolution No. 90-726
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 (See Grading Permit
No. 17583 for required financial guarantees
for these items).
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 November 5, 1990 subject to the One Year
Guarantee by the developer.
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_ CnunrilmPmhpre uplliwell, Roc kar
_Vasiliou. and Zitur
The following voted against or abstained: N.
Whereupon the Resolution was declared duly passed and adopted.