HomeMy WebLinkAboutCity Council Resolution 1991-159CITY 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 18th day of March ,
1991. The following members were present: Mayor Bergpp, CoimrilmPmhPrc ,
Helliwell, Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91- 159
REDUCING DEVELOPMENT BOND
BASS LAKE HEIGHTS 4TH ADDITION (85126)
WHEREAS, in accordance with the development contract dated February 5, 1987, BLH
Development Company, developer of Bass Lake Heights 4th Addition (85126), 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
$ 58,976
$ -0-
89,651
-0-
40,274
-0-
12,430
-0-
7,200
-0-
-0-
-0-
450
-0-
61,500
-0-
-0-
32.458
-0-
_O-
$ 302,939
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $1,344 to $0 (zero) to reflect the completed work.
BASS LAKE HEIGHTS 4TH ADDITION (85126)
Resolution No. 91--I59
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 $-0-
Letter of Credit: $33,800 $-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 funds remaining from 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
Councilmember Va 'liou and upon vote being taken thereon, the following voted
in favor thereof: Mayor Rermn„ nn. Councilmembers He11'w.11' Ricker, Vac�ilicn�- and ,
Zitur - - - -
The following voted against or abstained: Nene r
Whereupon the Resolution was declared duly passed and adopted.