HomeMy WebLinkAboutCity Council Resolution 1991-021CITY 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: Maynr RPrgman
Councilmember Ricker
adoption:
introduced the following Resolution and moved its
RESOLUTION NO. 91-21
REDUCING DEVELOPMENT BOND
WILD WINGS 2ND ADDITION (88046)
WHEREAS, in accordance with the development contrnct dated December 5, 1988, DeVries
Builders, Inc., David C. Bell Investment Company, developer of Wild Wings 2nd Addition
(88046), 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 (does not include
Schmidt Lake Road, Proj. 705)
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements (See
Grading Permit #17583)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 26,382
$ -0-
55,895
-0-
20,438
-0-
14,255
-0-
2,600
-0-
-0-
-0-
300
-0-
-0- -0-
5,500 -0-
15..04 — -0-
$
$ 140,414 $ -0-
That the letter of credit required for the above items be reduced as detailed above
from $2,128 to $0 (zero) to reflect the completed work.
WILD WINGS 2ND ADDITION (88046)
Resolution No. 91-21
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
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Cont:al Plan
Street Sweeping and Storm
Sewer Cleaning (For financial
information see Grading
Permit No. 17583) Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
The motion for the adoption of the foregoing Resolution was duly seconded by
Cpuncilmemb-r 7itur and upon vote being taken thereon, the following voted
in favor thereof: Councilmem ers Helliwell, Ricker, Vasiliou, and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.