HomeMy WebLinkAboutCity Council Resolution 1991-075CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a Special _ meeting of the City Council of
the City of Plymouth, Minnesota was held on the 28th day of January ,
1991. The following members were present: Mayor Bergman.Councilmembers Helliwell. ,
Ricker, and Vasiliou
The following members were absent: Councilm Ayer Zitur
Councilmember Vasiliou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91-75
REDUCING DEVELOPMENT BOND
LAKE CAMELOT ESTATES 3RD ADDITION (89044)
WHEREAS, in accordance with the development contract dated January 30, 1990, The
Rottlund Company, Inc., developer of Lake Camelot Estates 3rd Addition (89044), 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
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 134,982
$ 79,035
18,544
-0-
55,513
-0-
23,920
-0-
6,270
6,270
-0-
-0-
300
300
172,900
-0-
-0-
49,491
-0-
10-273
$ 461,920 $ 95,878
That LE -ter of Credit No. 3208 required for the above items be reduced as detailed
above from $137,506 to $95,878 to reflect the completed work.
LAKE CAMELOT ESTATES 3RD ADDITION (89044)
Resolution No. 91-75
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: $1,000 $1,000
Letter of Credit: $55,200 $55,200
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Helliwell , and upon vote beingtaken thereon, the follq in voted
in favor thereof: Mayor Bergman, Councilmembers Hlliwell, Ricker, and Vasi io�
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.