HomeMy WebLinkAboutCity Council Resolution 1990-755CITY 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 19th day of November
1990. The following members were present: Mayor Bergman, Councilmembers ,
Helliwell, Ricker, and Zitur
The following members were absent: Councilmember Vasiliou
Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-755
REDUCING DEVELOPMENT BOND
SHILOH PINES ADDITION (88025)
WHEREAS, in accordance with the development contract dated March 6, 1989, Nina W.
Wildman and B b H Supply, Inc., developer of Shiloh Pines Addition (88025), 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;
10 NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
ZTFi ORIGINAL AMOUNT NEW AMOUNT
Street Construction $ 27,142 $ -0-
Sanitary Sewer 22,040 -0-
Watermain 15,965 -0-
Storm Sewer 15,456 -0-
Boulevard and Drainage Swale Sod 2,200 -0-
Pond or Ditch Construction -0- -0-
Street Signs 300 -0-
Site Grading and Drainage Improvements 65,000 650
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 17.772 78
TOTAL $ 165,875 $ 728
That the letter of credit required for the above items be reduced as detailed above
from $3,528 to $728 to reflect the completed work.
Resolution No. 90- 755
Page Two
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
ction 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
$10,600 $ -0-
FURTHER BE IT RESOLVED that the required financial guarantee for Maintenance of Erosion
and Sediment Control Plan, street sweeping, and storm sewer cleaning remains at $1,000
and the required letter of credit (No. 73174) in the amount of $10,600 is reduced to $0
(zero) and is hereby released.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman. COuncilmembers•Halliwall, Riricor, and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.