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HomeMy WebLinkAboutCity Council Resolution 1991-225CITY OF PLYMOUTH Pursuant to due call and notice thereof, a regjilar meeting of the City Council of the City of Plymouth, Minnesota was held on the 22nd day of _April 1991. The following members were present: Mayor Icer ani CnjmrilmPmhPrc , Helliwell, Ricker, Vasiliou, and Zitur The following members were absent: None Councilmember Helliwell introduced the following Resolution and moved its adoption: RESOLUTION NO. 91- 225 REDUCING DEVELOPMENT BOND OAKDALE WEST THIRD ADDITION (84097) WHEREAS, in accordance with the development contract dated August 5, 1985, Don D. Myron and Donna L. Myron, developer of Oakdale West Third Addition (84097), 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: 0 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 $ -0- $ -0- 10,000 1,000 -0- -0- -0- -0- 600 200 -0- -0- -0- -0- 2,000 500 -0- -0- 1.512 204 $ 14,112 $1,904 That the letter of credit required for the above items be reduced as detailed above from $4,032 to $1,904 to reflect the completed work. 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: im Maintenance of Erosion and Sediment Control Plan Street Sweeping and Storm Sewer Cleaning Cash: Letter of Credit: $1,000 $1,000 $ -0- $ -0- The motion for the adoption of the foregoing Resolution was duly seconded by Councilmember Zitur 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.