HomeMy WebLinkAboutCity Council Resolution 1990-791CITY OF PLYMOUTH
1Pr 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 11Pr_emher
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. 90-791
REDUCING DEVELOPMENT BOND
STEEPLECHASE 8TH ADDITION (90068)
WHEREAS, in accordance with the development contract dated August 2, 1990, Lundgren
Brothers Construction, Inc., developer of Steeplechase 8th Addition (90068), 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 $
40,000
$ 20,000
Sanitary Sewer
29,000
5,800
Watermain
20,000
4,000
Storm Sewer
30,000
6,000
Boulevard and Drainage Swale Sod
3,600
3,600
Pond or Ditch Construction
-0-
-0-
Street Signs
150
150
Site Grading and Drainage Improvements
29,400
5,880
Park and Trail Improvements
3,000
3,000
Design, Administration, Inspection, As-Builts
18,618
5,.81
' TOTAL $
173,768
$ 54,242
That the letter of credit required for the above items remain as detailed above at
$54,242 to reflect the completed work. This letter of credit is identified as Letter
of Credit No. 576.
Resolution No. 90- 791
Page Two
FURTHER BE IT RESOLVED that thg bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced as follows:
"40mv
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
$ 1,000 $ 1,000
$10,600 $ 5,300
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
cash with Letter of Credit No. 577 being reduced from $10,600 to $5,300.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmemher Vasiliou , and upon vote being taken thereon, the following voted
in favor thereof: Mavt� r Rero ani_ CnunCi lmmharc Nnl l iwnl l l Ricker, V-s;El iou, ---,
and Z i ti it
The following voted against or abstained: nnn
Whereupon the Resolution was declared duly passed and adopted.