HomeMy WebLinkAboutCity Council Resolution 1991-405CITY 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 22nd day of July ,
1991. The following members were present: Mayor Bergman, Councilmembers Ricker ,
Vasiliou, and 7itrnr
The following members were absent: Councilmember Helliwell
Councilmember Zitur
adoption:
introduced the following Resolution and moved its
RESOLUTION NO. 91- 40S
REDUCING DEVELOPMENT BOND
DEERHAVEN THIRD ADDITION (89105)
WHEREAS, in accordance with the development contract dated January 22, 1990, Lowry Hill
Construction Company, developer of Deerhaven Third Addition (89105), 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 (includes street restoration)
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-
17,180
-0-
-0-
-0-
1,500
-0-
800
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
2.338
-0-
_0-
$ 21,818
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $4,912 to $0 (zero) to reflect the completed work.
DEERHAVEN THIRD ADDITION (89105)
Resolution No. 91-40S
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 $ -0-
Letter of Credit: $ -0- $ -0-
FURTHER BE IT RESOLVED, that the cash deposit required for the above items is reduced
from $1,000 to $0 (zero) and the remaining funds can be returned to the developer
forthwith.
FURTHER BE IT RESOLVED, that the sanitary sewer and storm sewer construction is
accepted for continual maintenance as of July 22, 1991.
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 rgman, Cotmcilmembers Ricker, Vasi1iour and Zitur ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.