HomeMy WebLinkAboutCity Council Resolution 1991-670CITY OF PLYMOUTH
RESOLUTION NO. 91-670
REDUCING DEVELOPMENT BOND
FAWN CREEK ADDITION (90022)
WHEREAS, in accordance with the development contract dated September 24, 1990, Dennis
E. Arne and Ferne E. Arne, developers of Fawn Creek Addition (90022), have agreed to
install certain improvements for said development; and
WHEREAS, cbe 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
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 119,600
$ 23,920
77,700
-0-
69,700
-0-
71,400
-0-
7,000
6,000
-0-
-0-
300
-0-
52,300
-0-
-0-
47.760
-0-
3.590
$ 445,760 $ 33,510
That the letter of credit required for the above items be reduced as detailed above
from $58,016 to $33,510 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:
W�
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
* See Grading Permit No. 26689
$ 1,000* $ 1,000*
$20,000* $10,000*
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, and storm sewer construction
is accepted for continual maintenance as of October 21, 1991 subject to the Two Year
Guarantee by the Developer per Bond No. 54-48097.
Adopted by the City Council on October 21, 1991