HomeMy WebLinkAboutCity Council Resolution 1991-614CITY OF PLYMOUTH
RESOLUTION NO. 91-614
REDUCING DEVELOPMENT BOND
OXBOW RIDGE 2ND ADDITION (90077)
WHEREAS, in accordance with the development contract dated September 24, 1990, Richard
J. Deziel and Irene T. Deziel, developers of Oxbow Ridge 2nd Addition (90077), have
agreed to install certain improvements for said development; and
WHEREAS, the developers have completed a portion of the street, utility and site
grading as noted below; and
WHEREAS, the developers have 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 $ 7,600 $ 1,520
Sanitary Sever 3,700 740
Watermain 3,900 780
Storm Sewer 4,700 940
Boulevard and Drainage Swale Sod 600 600
Pond or Ditch Construction -0- -0-
Street Signs 150 -0-
Site Grading and Drainage Improvements 6,300 -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 3.234 550
TOTAL
$ 30,184 $ 5,130
That the letter of credit required for the above items be reduced as detailed above
from $9,262 to $5,130 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:
Adopted by the City Council on October 7, 1991.
$1,000 $1,000
$-0- $-0-