HomeMy WebLinkAboutCity Council Resolution 1991-161CITY 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 Bergman, COUncilmem rs Hell iwel I
Ricker, Vasiliou, and Zitur '
The following members were absent: None
Councilmember Zitur
adoption:
introduced the following Resolution and moved its
RESOLUTION NO. 91- 161
REDUCING DEVELOPMENT BOND
FOX RUN 2ND ADDITION (85066)
WHEREAS, in accordance with the development contract dated August 6, 1985, Lundgren
Brothers Construction, Inc., developer of Fox Run 2nd Addition (85066), 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:
ITF,M
Street Construction
ORIGINAL AMOUNT
$ 57,000
NEW AMOUNT
$ -0-
Sanitary Sewer
32,000
-0-
Watermain
30,000
-0-
Storm Sewer
27,000
-0-
Boulevard and Drainage Swale Sod
3,600
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
150
-0-
Site Grading and Drainage Improvements
40,000
-0-
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts
22,770
_0_
TOTAL
$ 212,520
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $896 to $0 (zero) to reflect the completed work.
FOX RUN 2ND ADDITION (85066)
Resolution No. 91- 161
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: $17,560 $ -0-
FURTHER BE IT RESOLVED that the letter of credit required for the above items is
reduced from $1,000 to $0 (zero) and the $1,000 cash deposit remains the same.
The motion for the adoption of the foregoing Resolution was duly seconded by
CouncilmemhPr Vncilirrn, , and upon vote being taken thereon, the following voted
in favor thereof: Mq=r TL -r- _a_n� C'rnmcilmPmh,-rg Helliwell, Ricker, V ciliou, and ,
Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.