HomeMy WebLinkAboutCity Council Resolution 1990-788CITY 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 10th day of December ,
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. 90-788
REDUCING DEVELOPMENT BOND
BASS LAKE ESTATES ADDITION (84091)
WHEREAS, in accordance with the development contract dated August 6, 1985, Bass Lake
Development, Inc., developer of Bass Lake Estates Addir.ion (84091), 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
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 115,757
$ -0-
53,983
-0-
52,902
-0-
60,895
-0-
9,600
-0-
-0-
-0-
600
-0-
87,850
-0-
3,950
43,264
-0-
-0-
S 428,801
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $4,480 to $0 (zero) to reflect the completed work.
Resolution No. 90- 788
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: $ 1,000 $1,000
Letter of Credit: $27,800 $1,000
FURTHER BE IT RESOLVED that Letter of Credit No. 0094 is hereby reduced from $13,900 to
$1,000 while the required cash deposit remains at $1,000.
The motion for the adoption of the foregoing Resolution w^s duly seconded by
Cmmcilme her Vasiliou , and upon vote being taken thereon, the following voted
in favor thereof: Ricker, Vasiliou, ,
and Z i tLr
The following voted against or abstained: Nme
Whereupon the Resolution was declared duly passed and adopted.