HomeMy WebLinkAboutCity Council Resolution 1991-095CITY 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 4th day of Fehnjary
1991. The following members were present: Mayor Ber2Lnan,CouncilmemhPrc HPI 1iwP11 ,
Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91- 9S
REDUCING DEVELOPMENT BOND
WESTWOOD RIDGE 2ND ADDITION (85108)
WHEREAS, in accordance with the development contract dated March 2, 1987, Graham
Development Company and Commercial Excavating, Inc., developer of Westwood Ridge 2nd
Addition (85108), 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:
110 ORIGINAL
Street Construction
AMOUNT
$ 99,790
NEW AMOUNT
$ -0-
Sanitary Sewer
45,047
-0-
Watermain
37,480
-0-
Storm Sewer
23,963
-0-
Boulevard and Drainage Swale Sod
6,000
1,200
Pond or Ditch Construction
-0-
-0-
Street Signs
600
-0-
Site Grading and Drainage Improvements
-0-
-0-
(See Grading permit No. 8996)
Park and Trail Improvements
-0-
Design, Administration, Inspection, As-Builts
25.546
144
TOTAL
$ 238,426 $ 1,344
That the letter of credit required for the above items be reduced as detailed above
from $2,464 to $1,344 to reflect the completed work. Letter of Credit No. 220 is
hereby reduced accordingly.
WESTWOOD RIDGE 2ND ADDITION (85108)
Resolution No. 91- 95
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-
See Grading Permit No. 8996 for required
financial guarantee of $32,000 per
Letter of Credit No. 218.
FURTHER BE IT RESOLVED that the required financial guarantee per Grading Permit No.
8996 for Maintenance of Erosion and Sediment Control Plan, street sweeping, and storm
sewer cleaning is reduced from $32,000 to $6,000. Letter of Credit No. 218 is hereby
reduced accordingly.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Vasiliou , and upon vote being taken thereon, the following voted
in favor thereof: _ Magor Berman, Cgimejlmemhers Helliwell Rir -r Vaci1irni� ,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.