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HomeMy WebLinkAboutCity Council Resolution 1991-140CITY 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_ , Ricker. Vasiliou, and Zitur The following members were absent: None Colmcilmemher 7itur introduced the following Resolution and moved its adoption: RESOLUTION NO. 91-140 REDUCING DEVELOPMENT BOND WILLOW BEND (82045) WHEREAS, in accordance with the development contract dated March 3, 1983, Lundgren Brothers Construction, Inc., developer of Willow Bend (82045), 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 Street Sweeping and Storm Sewer Cleaning Maintenance of Erosion and Sediment Control Plan Site Grading Park and Trail Improvements Design, Administration, Inspection, As-Builts TOTAL $ 44,495 $ -0- 40,569 -0- 29,859 -0- 13,910 -0- 3,000 -0- -0- -0- 150 -0- 1,000 -0- 2,000 -0- -0- -0- -0- 16.198 -0- _0_ $ 151,181 $ -0- That the letter of credit required for the above items be reduced from $5,040 to $0 (zero) to reflect the completed work. The motion for the adoption of the foregoing Resolution was duly seconded by Councilmember Ricker , and upon vote being taken thereon, the following voted in favor thereof: Mayor BergmanCouncilmembers Helliwell, Ricker, Vasiliou, and -i tur The following voted against or abstained: None Whereupon the Resolution was declared duly passed and adopted.