HomeMy WebLinkAboutCity Council Resolution 1991-249CITY 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 6th day of May ,
1991. The following members were present: Mayor Bergman, 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- 249
REDUCING DEVELOPMENT BOND
BASS CREEK BUSINESS PARK ADDITION (89061)
WHEREAS, in accordance with the development contract revised and dated June 12, 1990,
Opus Corporation and Schneider (USA), Inc., developer of Bass Creek Business Park
Addition (89061) 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 that
the bonding requirements are reduced as follows:
City Proj. Original
No. 008 Public Private Total
Street Construction
$ 647,520 *
$ -0-
$ -0-
$ -0-
Right Turn Lane County Road 10
10,000
-0-
-0-
Sanitary Sewer
101,722
-0-
-0-
-0-
Watermain
195,088
-0-
-0-
-0-
Storm Sewer
396,281
-0-
-0-
-0-
Compensatory Wetland
-0-
-0-
60,700
60,700
Water Quality Ponds
322,281
-0-
-0-
-0-
Street Signs (2 x 150)
-0-
300
-0-
300
Sidewalks
47,545 **
-0-
-0-
-0-
Site Grading & Drainage Improvements -0-
-0-
217,000
217,000
Design, Administration,
Inspection, As-Builts
_ 6
33,324
3,3,360
ORIGINAL TOTAL
$ 336
$311,024
$311,360
TOTAL PROJ. NO. 008
$1,720,437
* Includes final wear course on
Nathan Lane from
County Road
10 to 860
feet north of
County Road 10 at an estimated
cost of $10,000.
** The trails not within street
right-of-way are: private
in accc,rci„nce
with Item No.
14, Resolution No. 89-701.
BASS CREEK BUSINESS PARK ADDITION (89061)
Resolution No. 91-249
Page Two
ITEM
Street Construction $
Right Turn Lane County Road 10
Sanitary Sewer
Watermain
Storm Sewer
Compensatory Wetland
Water Quality Ponds
Street Signs (2 x 150)
Sidewalks
Site Grading & Drainage Improvements
Design, Administration,
Inspection, As-Builts
ORIGINAL TOTAL
I'OTAL PROJ. NO. 008 $1,720,437
* Includes final wear course on Nathan Lane from County Road 10 to 860 feet north of
County Road 10 at an estimated cost of $10,000.
** The trails not within street right-of-way are private in accordance with Item No.
14, Resolution No. 89-701.
That letter of credit required for the above items (excluding Project No. 008) remains
as detailed above at $311,360.
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:
$ 1,000 $ 1,000
$ 72,200 $ 60,000
FURTHER BE IT RESOLVED that the required financial guarantees for the above items
remain at $1,000 cash with the required Letter of Credit No. 73818 being reduced from
$72,000 to $60,000.
The motion for the adoption of the foregoing Resolution was duly seconded by
_'niin_ilmemher H 11i ell and upon vote being taken thereon, the following voted
in favor thereof: muu Bergman. Councilmembers flelliwell, Ricker, Vasi.liou,
and 7.i tur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
NEW AMOUNT
City Proj.
New
No. 008
Public
Private
Total
647,520 *
$ -0-
$ -0-
$ -0-
10,000
-0-
-0-
101,722
-0-
-0-
-0-
195,088
-0-
-0-
-0-
396,281
-0-
-0-
-0-
-0-
-0-
60,700
60,700
322,281
-0-
-0-
-0-
-0-
300
-0-
300
47,545 **
-0-
-0-
-0-
-0-
-0-
6
217,000
33,324
217,000
33.360
—
$ 336
$311,024
$311,360
I'OTAL PROJ. NO. 008 $1,720,437
* Includes final wear course on Nathan Lane from County Road 10 to 860 feet north of
County Road 10 at an estimated cost of $10,000.
** The trails not within street right-of-way are private in accordance with Item No.
14, Resolution No. 89-701.
That letter of credit required for the above items (excluding Project No. 008) remains
as detailed above at $311,360.
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:
$ 1,000 $ 1,000
$ 72,200 $ 60,000
FURTHER BE IT RESOLVED that the required financial guarantees for the above items
remain at $1,000 cash with the required Letter of Credit No. 73818 being reduced from
$72,000 to $60,000.
The motion for the adoption of the foregoing Resolution was duly seconded by
_'niin_ilmemher H 11i ell and upon vote being taken thereon, the following voted
in favor thereof: muu Bergman. Councilmembers flelliwell, Ricker, Vasi.liou,
and 7.i tur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.