HomeMy WebLinkAboutCity Council Resolution 1991-288CITY 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 21St day of May
1991. The following members were present: _Mayor Bergman, CounciLmember Helliwell -
Ricker, and Vasiliou
The following members were absent: Counci member Zi ur
Councilmember Vasiliou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91-288
REDUCING DEVELOPMENT BOND
HERITAGE RIDGE ADDITION (86087)
WHEREAS, in accordance with the development contract dated November 3, 1987, Host
Development and International Development, developer of Heritage Ridge Addition
(86087), 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
(See Site Grading Permit No. 10962)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 88,428
$ -0-
64,950
-0-
45,369
-0-
14,376
-0-
6,400
1,000
-0-
-0-
450
-0-
-0-
-0-
1,256
26-547
-0-
120
$ 247,776
$1,120
That the letter of credit required for the above items be reduced as detailed above
from $2,912 to $1,120 to reflect the completed work.
Letter of Credit No. 5585/3237 is hereby reduced accordingly.
HERITAGE RIDGE ADDITION (86087)
Resolution No. 91-288
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: $-0- $-0-
Letter of Credit: $-0- $-0-
*See Grading Permit No. 10962 for Financial Guarantee
The motion for the adoption of the foregoing Resolution was duly seconded by
Mayor Beronan , and upon vote being taken thereon, the following voted
in favor thereof: M=r Bergmp, Counrilmemherc HelliwP11 Rirker, and ,
Vasiliou
The following voted against or abstained: DiGLQ
Whereupon the Resolution was declared duly passed and adopted.