HomeMy WebLinkAboutCity Council Resolution 1991-160CITY 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 Bern, Councilmembers Helliwell ,
Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91-160
REDUCING DEVELOPMENT BOND
STEEPLECHASE 4TH ADDITION (87020)
WHEREAS, in accordance with the development contract dated April 6, 1987, Lundgren
Brothers Construction, Inc., developer of Steeplechase 4th Addition (87020), has agreed
to install certain improvements for said development; and
WHEREAS, the developer has completed a portion of the street, utility and rite 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
$ 56,000
$ -0-
40,000
-0-
27,000
-0-
20,300
-0-
3,000
-0-
-0-
-0-
300
-0-
38,000
-0-
4,400
22-68
-0-
-O-
$ 211,680
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $2,688 to $0 (zero) to reflect the completed work.
STEEPLECHASE 4TH ADDITION (87020)
Resolution No. 91-1-60
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
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
* Required Financial Guarantee was submitted
with Steeplechase 3rd Addition
$-0- $-0-
$-0- $-0-
The motion for the adoption of the foregoing Resolution was duly seconded by
Co mcilmember Vasiliou , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman Councilmembers Helliwell, Ricker, Vasiliou, and ,
Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.