HomeMy WebLinkAboutCity Council Resolution 1991-673CITY OF PLYMOUTH
RESOLUTION NO. 91-673
REDUCING DEVELOPMENT BOND
OAKDALE WEST THIRD ADDITION (84097)
WHEREAS, in accordance with the development contract dated August 5, 1985, Don D. Myron
and Donna L. Myron, developer of Oakdale West Third Addition (84097), 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:
"WR
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
$ -0-
$ -0-
10,000
-0-
-0-
-0-
-0-
-0-
600
-0-
-0-
-0-
-0-
-0-
2,000
-0-
-0-
-0-
-0-
$ 14,112
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $1,904 to $0 (zero) 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:
ITEM
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
$1,000 $1,000
$ -o- $ -0-
FURTHER BE IT RESOLVED, that the sanitary sewer construction is accepted for continual
maintenance as of October 21, 1991.
Adopted by the City Council on October 21, 1991