HomeMy WebLinkAboutCity Council Resolution 1991-137CITY OF PLYMOUTH
Pursuant '-o 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 March
1991. The following members were present: Mayor Beronan. Coun_rilmembers Helliwell
Ricker. Vasiliou. and Zitur
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91-137
REDUCING DEVELOPMENT BOND
PARKERS LAKE CORPORATE CENTER 3RD ADDITION (89069)
WHEREAS, in accordance with the development contract dated August 24, 1989, Northland
Land Company, developer of Parkers Lake Corporate Center 3rd Addition (89069), 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
ORIGINAL AMOUNT
$ 73,840
NEW AMOUNT
$ 14,768
94,620
19,124
64,148
12,830
116,267
23,253
10,800
5,400
-0-
-0-
300
300
36,000
7,200
-0-
-0-
$ 444,612 $ 92,820
That the letter of credit required for the above items be reduced as detailed above
from $444,612 to $92,820 to reflect the completed work.
PARKERS LAKE CORPORATE CENTER 3RD ADDITION (89069)
Resolution No. 91-137
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: $13,000 $13,000
The motion for the adoption of the foregoing Resolution was duly seconded by
Coimrilmemher Ricker , and upon vote being taken thereon, the following voted
in favor thereof: MavnrP.r nn, C:njmrjlmPmharc 14P11iwP11- RiCker, 312c;1jai, and
7.i tur
The following voted against or abstained: Nnnn
Whereupon the Resolution was declared duly passed and adopted.