HomeMy WebLinkAboutCity Council Resolution 1991-018CITY 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
Vasiliou, and Zitur
The following members were absent: Mayor Beraman
Councilmember Ricker
adoption -
introduced the following Resolution and moved its
RESOLUTION NO. 91-18
REDUCING DEVELOPMENT BOND
OXBOW RIDGE 2ND ADDITION (90077)
WHEREAS, in accordance with the development contract dated September 24, 1990, Richard
J. Deziel and Irene T. Deziel, developers of Oxbow Ridge 2nd Addition (90077), have
agreed to install certain improvements for said development; and
WHEREAS, the developers have completed a portion of the street, utility and site
grading as noted below; and
WHEREAS, the developers have 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 $ 7,600 $ 3,800
Sanitary Sewer 3,700 740
Watermain 3,900 780
Storm Sewer 4,700 940
Boulevard and Drainage Swale Sod 600 600
Pond or Ditch Construction -0- -0-
Street Signs 150 150
Site Grading and Drainage Improvements 6,300 1,260
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 3.234 992
TOTAL $ 30,184 $ 9,262
That the letter of credit required for the above items be reduced as detailed above
from $30,184 to $9,262 to reflect the completed work.
OXBOW RIDGE 2ND ADDITION (90077)
Resolution No. 91-18
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
$-0- $-0-
The motion for the adoption of the foregoing Resolution was duly seconded by
ci
Counlmemh r i �r 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.