HomeMy WebLinkAboutCity Council Resolution 1991-475CITY 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 19th day of August
1991. The following members were present: Mayor Berman, Councilmembers Helliwell ,
and Ricker
The following members were absent: Councilmembers Vasiliou and Zitur
*** *** ***
Councilmember Helliwell introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91-475
REDUCING DEVELOPMENT BOND
BASS LAKE TERRACE ADDITION (90050)
WHEREAS, in accordance with the development contract dated March 12, 1991, Programmed
Land, Inc., Vern Reynolds Construction Company, Inc., and Builders Development and
Finance, Inc., developer of Bass Lake Terrace Addition (90050) 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:
Street Construction
Sanitary Sewer Service
Watermain Services
Storm Sewer
Boulevard 6 Drainage
Swale Sod
Pond or Ditch Construction
Street Signs (5 x 150)
Park and Trail Improvements
Site Grading 6 Drainage Improvements
Design, Administration,
Inspection, As-Builts
ORIGINAL TOTAL
TOTAL PROJ. NO. 106
City Proj.
No. 106
ORIGINAL
Puhlir
AMOUNT
Private
Original
Total
$ 33,104
$133,207
$ -0-
$133,207
-0-
52,226
-0-
52,226
-0-
53,113 *
-0-
53,113
31,983
62,730
-0-
62,730
-0-
-0-
9,600
9,600
-0-
-0-
-0-
-0-
-0-
750
-0-
750
-0-
-0-
-0-
-0-
-0-
-0-
257,000 **
257,000
$65,087
36,243 31.992
$338,269 $298,592
$636,861
* Does not include the estimated cost for reimbursing the developer for the
oversizing of the watermain from 8" to 12" in the amount of $10,504.
** Does not include grading cost east of centerline Northwest Boulevard.
BASS LAKE TERRACE ADDITION (90050)
Resolution No. 91-47S
Page Two
ITEM
Street Construction
Sanitary Sewer Service
Watermain Services
Storm Sewer
Boulevard & Drainage
Swale Sod
Pond or Ditch Construction
Street Signs (5 x 150)
Park and Trail Improvements
Site Grading & Drain4.ge Improvements
Design, Administration,
Inspection, As-Builts
NEW TOTAL
TOTAL PROJ. NO. 106
City Proj.
NEW
AMOUNT
New
No. 106
Public
Private
Total
$ 33,104
$ 26,641
$ -0-
$ 26,641
-0-
-0-
-0-
-0-
-0-
-0- *
-0-
-0-
31,983
6,397
-0-
6,397
-0-
-0-
9,600
9,600
-0-
-0-
-0-
-0-
-0-
750
-0-
750
-0-
-0-
-0-
-0-
-0-
-0-
45,000 **
45,000
$65,087
4.055 6.552
$ 37,843 $ 61,152
$ 98,995
* Does not include the estimated cost for reimbursing the developer for the
oversizing of the watermain from 8" to 12" in the amount of $10.504.
** Does not include grading cost east of centerline Northwest Boulevard.
That the letter of credit required for the above items (excluding Proj. No. 106) be
reduced as detailed above from $228,749 to $98,995 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:
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning *** Cash:
Letter of Credit:
$ -0- $-0-
$-0- $-0-
*** See Grading Permit No. 2711 for required financial guarantees
he motion for the adoption of the foregoing Resolution was duly seconded by
Colmcilmember Ricker , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, Cm=ilmembers Helliwell and Ricker ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.