HomeMy WebLinkAboutCity Council Resolution 1991-549RESOLUTION NO. 9].-549
REDUCING DEVELOPMENT BOND
DEVRIES 2ND ADDITION (83031)
WHEREAS, in accordance with the development contract dated March 28, 1984, DeVries
Builders, Inc., developer of DeVries 2nd Addition (83031), 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
Street Sweeping and Storm Sewer Cleaning
Maintenance of Erosion and
Sediment Control Plan
Site Grading
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ -0-
$ -0-
-0-
-0-
-0-
-0-
-0-
-0-
5,000
-0-
-0-
-0-
450
-0-
2,000
-0-
2,000 -0-
34,408 -0-
-0- -0-
5.263
$49,121 $ -0-
That the letter of credit required for the above items be reduced as detailed above
from $616 to $0 (zero) to reflect the completed work. Bond No. 256482 is hereby
released.
Adopted by the City Council on September 16, 1991