HomeMy WebLinkAboutCity Council Resolution 1990-756CITY 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. 90-756
REDUCING DEVELOPMENT BOND
BAY POINTE ON MOONEY LAKE ADDITION (89005)
WHEREAS, in accordance with the development contract dated February 26, 1990, and
revised October 1, 1990, Lundgren Brothers Construction, Inc., developer of Bay Pointe
on Mooney Lake (89005), 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
Dock and Boat Rack
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Building Demolition
Design, Administration, Inspection, As-Builts
TOTAL
$ 170,700
$ 85,350
79,800
15,960
72,500
14,500
64,600
12,920
9,700
9,700
2,600
2,600
450
450
188,400
37,680
16,000
7,500
10,500
73,830
-0-
22.39
$ 689,080 $ 209,059
That the letter of credit required for the above items be reduced as detailed above
from $368,133 to $209,059 to reflect the completed work.
Resolution No. 90- 756
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
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
�•�81�`�Ti�.r • 1 • �
$1,000 $1,000
$47,400 $23,700
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 Helliwell. Ricker. and Zitur ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.