HomeMy WebLinkAboutCity Council Resolution 1991-553CITY OF PLYMOUTH
RESOLUTION NO. 91-553
REDUCING DEVELOPMENT BOND
DEERWOOD GLEN PLAT ONE (85050)
WHEREAS, in accordance with the development contract dated May 21, 1986, Parklands
Developments, a partnership consisting of Wiswell Estates, Inc., and International
Development, Inc., developer of Deerwood Glen Plat One (85050), 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 $ 102,700 $ -0-
Sanitary Sewer 68,600 -0-
Watermain 45,700 -0-
Storm Sewer 23,600 -0-
Boulevard and Drainage Swale Sod 7,000 -0-
Pond or Ditch Construction -0- -0-
Street Signs 450 -0-
Site Grading and Drainage Improvements -0- -0-
Park and Trail Improvements 9,581 -0-
Design, Administration, Inspection, As-Builts 30.916 -0-
TOTAL
$ 288.547 $ -0-
That the letter of credit required be reduced from $1,120 to $0 (zero) to reflect the
completed work.
Letter of Credit No. 5585/2735 is hereby reduced accordingly and will be released.
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:
�11
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Adopted by the City Council on September 16, 1991.
Grading permit issued
previously