HomeMy WebLinkAboutCity Council Resolution 1991-448CITY 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 Sth day of August ,
1991. The following members were present: Mayor Berges, Councilmembers ,
Helliwell. Ricker, Vasi iou, and Zitur
The following members were absent: None
Councilmember Zitur _ introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91- 448
REDUCING DEVELOPMENT BOND
WILLOW MEADOWS 2ND ADDITION (88035)
WHEREAS, in accordance with the development contract dated October 4, 1988, Christian
Church (Disciples of Christ) In the Upper Midwest and Independent School District 284,
developer of Willow Meadows 2nd Addition (88035), 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:
KTA7.
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements (See
Grading Permit 117071)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 66,085
$ -0-
23,200
-0-
61,340
-0-
42,680
-0-
5,000
-0-
-0-
-0-
450
-0-
-0-
-0-
4,830
24.430
-0-
-0-
$ 228,015
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $23,946 to $0 (zero) to reflect the completed work.
WILLOW MEADOWS 2ND ADDITION (88035)
Resolution No. 9i-448
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:
4�1�+3i
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $-0-
Letter of Credit: $42,400 $-0-
FURTHER BE IT RESOLVED that the cash deposit required for the above items is reduced
from $1,000 to $0 (zero) and the letter of credit is reduced from $10,000 to $0 (zero).
The remaining funds can be returned to the developer forthwith.
In lieu of the required maintenance bond for sanitary sewer, watermain, storm sewer,
street construction and concrete curb and gutter, the developer agreed to a 10Z
retainage for a one year period for the utility and street construction. This period
began October 16, 1989 and ended October 16, 1990, therefore, the 1Ox retainage shall
be returned to the developer forthwith.
The motion for the adoption of the foregoing Resolution was duly seconded by
_
Coimeilmember Helliw.lI , and upon vote being taken thereon, the following voted
in favor thereof: M=r Berman, Councilmembers Helliwell, Ricker, Vasiliou, and Zitur,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.