HomeMy WebLinkAboutCity Council Resolution 1991-712CITY OF PLYMOUTH
RESOLUTION NO. 91-712
REDUCING DEVELOPMENT BOND
FERNBROOK MANOR ADDITION (87128)
WHEREAS, in accordance with the development contract dated October 18, 1988, Harold
Hytjan, John A. Ess, Jr., Florence J. Ess, Corlett J. Ess, Marion D. Ess, Patrick W.
Goff, and Carol E. Rhoades -Goff, developers of Fernbrook Manor Addition (87128), 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:
I= ORIGINAL
AMOUNT
IDOL -Ana=
Street Construction
$ 40,112
$ -0-
Sanitary Sever
19,231
-0-
Watermain
17,130
-0-
Storm Sever
16,596
-0-
Boulevard and Drainage Swale Sod
1,300
800
Pond or Ditch Construction
-0-
-0-
Street Signs
150
-0-
Site Grading and Drainage Improvements (See
Grading Permit No. 16801)
-0-
-0-
Park and Trail Improvements
2.000
2,000
Design, Administration, Inspection, As-Builts
il_5e2
116
TOTAL
$ 108,101
$ 3,136
That the letter of credit required for the above items be reduced as detailed above
from $13,560 to $3,136 to reflect the completed work.
FERNBROOK MANOR ADDITION (87128)
Resolution No. 91-712
Page Two
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:
OM
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, storm sewer, street
construction and concrete curb and gutter was accepted for continual maintenance as of
November 5, 1990 subject to the One Year Guarantee by the developer and the one year
guarantee expires November 5, 1991.
* FURTHER BE IT RESOLVED that pursuant to the developer's request, a 10Z retainer was
held as the required development bond for the sanitary sewer. watermain, storm sewer,
street construction, and concrete curb and gutter in lieu of the required maintenance
bond. Due to the expiration of the one year guarantee, the 1OZ retainer is hereby
released.
Adopted by the City Council on November 4, 1991