HomeMy WebLinkAboutCity Council Resolution 1991-022CITY 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: Council -members Helliwell, Ricker,
Vasiliou, and Zitur
The following members were absent: Mayor Bergman
***
Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91- 22
REDUCING DEVELOPMENT BOND
WILD WINGS 3RD ADDITION (88141)
WHEREAS, in accordance with the development contract dated January 23, 1989, David C.
Bell Investment Company and rieVries Builders, Inc., developer of Wild Wings 3rd
Addition (88141), 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:
"Tq
Street Construction (Does not include
Schmidt Lake Road, Proj. 705)
Concrete Curb and Gutter (Separate Financial
Guarantee for Proj. 705, not included in
total columns)
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
$ 58,233
$ -0-
5,330
5,330
28,366
-0-
29,687
-0-
8,585
-0-
4,000
800
-0-
-0-
450
-0-
-0- -0-
18,804 -0-
17.775 -6
$ 165,900 $ 896
That the letter of credit (No. 8255) required for the above items (excluding Project
No. 705) be reduced as detailed above from $1,792 to $ 896 to reflect the completed
work.
* Does not include the estimated reimbursement cost for the difference between the
8" and 12" watermain per Item 3.3 in the executed development contract.
WILD WINGS 3RD ADDITION (88141)
Resolution No. 91-22
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 Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $ -0- $ -0-
Letter of Credit: $ -0- $ -0-
The mo�ion for the adoption of the foregoing Resolution was duly seconded by
Councilh,mber Zitur , 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.