HomeMy WebLinkAboutCity Council Resolution 1991-138CITY 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 March
1991. The following members were present: Mayor Berman, Councilmembers Helliwell
The following members were absent: None
Councilmemb r 7itur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91-138
REDUCING DEVELOPMENT BOND
STEEPLECHASE 2ND ADDITION (84047)
WHEREAS, in accordance with the development contract dated March 13, 1985, Lundgren
Brothers Construction, Inc., developer of Steeplechase 2nd Addition (84047) 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 that
the bonding requirements are reduced as follows:
IIErJ
Street Construction
ORIGINAL
Project 408
$ 13,350
AMOUNT
Develope
$49,100
NEW A_MOUN
Proiect 408 Developer
$ -0-
$ -0-
Sanitary Sewer
-0-
49,670
-0-
-p-
Watermain
-0-
40,100
-0-
-0-
Storm Sewer
-0-
13,250
-0-
-0-
Boulevard & Drainage
Swale Sod
-0-
4,000
-0-
-0-
Pond or Ditch Construction
-0-
-0-
-0-
Street Signs
-0-
450
-0-
-0-
Park and Trail Improvements
-0-
2,000
-0-
-0-
Site Grading & Drainage Improvements -0-
-0-
-0-
-0-
Design, Administration,
Inspection, As-Builts
-0-
19-028
_0_
_0 -
TOTAL
$ 13,350
$177,598
$ -0-
$ -0-
That the letter of credit required
for Project No.
408 be reduced
from $13,350
to $0
(zero) and the letter of credit required for developer improvements
be reduced
from
$2,744 to $0 (zero) to reflect the
completed work.
The required
financial guarantees
are hereby released.
2R
WOODLANDS ADDITION (84030)
Resolution No. 91-138
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:
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash: $ 11000 $ -0-
Letter of Credit: $ 2,000 $ -0-
FURTHER BE IT RESOLVED that the required financial guarantees for Maintenance of
Erosion and Sediment control Plan, street sweeping, and storm sewer cleaning are hereby
released and the $1,000 cash deposit shall be returned to the developer forthwith.
The motion for the adoption of the foregoing Resolution was duly seconded by
Cotmcilmemhpr Ricker and upon vote being taken thereon, the following voted
in favor thereof: �Snr RPr$man� rnjjiOS'mbE'rs HP11iiArellT-Riser Vasiliou. ,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.