HomeMy WebLinkAboutCity Council Resolution 1991-017CITY 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 7th day of January ,
1991. The following members were present: _Councilmembers Helliwell. Ricker, ,
Vasilicu, and Zitur
The following members were absent: Mayor Bergman
Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91-17
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:
ITEM ORIGINAL. AMOUNT NEW AMOUNT
Street Construction $ 40,000 $ 8,000
Sanitary Sewer 29,000 -0-
Watermain 20,000 -0-
Storm Sewer 30,000 -0-
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 -0-
Park and Trail Improvements 3,000 600
Design, Administration, Inspection, As-Builts 18.618 1.482
TOTAL $ 173,768 $ 13,832
That the letter of credit required for the above items be reduced as detailed above
from $54,242 to $13,832 to reflect the completed work. This letter of credit is
identified as Letter of Credit No. 576.
STEEPLECHASE 8TH ADDITION (90068)
Resolution No. 91-17
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
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 $ 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 remaining at $5,300.
FURTHER BE IT RESOLVED also that the sanitary sewer, watermain and storm sewer
construction is accepted for continual maintenance as of January 7, 1991 subject to the
two year guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember 7.itur , and upon vote being taken thereon, the following voted
in favor thereof: Councilmembers Helliwell, Ricker, Vasiliou, and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.