HomeMy WebLinkAboutCity Council Resolution 1991-481CITY 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 Berms Councilmembers Helliwell ,
and Ricker
The following members were absent: None
.Council -member Helliwell introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91-481
REDUCING DEVELOPMENT BOND
CURTIS LAKE ADDITION (90105)
WHEREAS, in accordance with the development contract dated June 17, 1991, Blue and Gold
Company, developer of Curtis Lake Addition (90105), 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 (excluding Proj.
No's 015/011)
Sanitary Sewer
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
$ 83,500 $ 83,500
66,000
51,400
59,000
48,760
50,000
50,000
10,000
10,000
-0-
-0-
600
600
65,000
39,560
-0-
40.092
-0-
34.058
$ 374,192 $ 317,878
That the letter of credit required for the above items be reduced as detailed above
from $374,192 to $317,878 to reflect the completed work.
CURTIS LAKE ADDITION (90105)
Resolution No. 91-481
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:
0
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning (See Grading
Permit No. 42235 for required
financial guarantees)
Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Ricker , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, CouncilMeMbers Helliwell and Ricker ,.
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.