HomeMy WebLinkAboutCity Council Resolution 1991-713CITY OF PLYMOUTH
RESOLUTION NO. 91-713
REDUCING DEVELOPMENT BOND
FERNBROOK WOODS ADDITION (87018)
WHEREAS, in accordance with the development contract dated September 22, 1987, North
Central Lightweight Aggregate Company, Inc. and Marvin H. Anderson Construction
Company, developer of Fernbrook Woods Addition (87018), 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 (excluding Proj. 720)
Sanitary Sewer (excluding Proj. 720)
Watermain (excluding Proj. 720)
Storm Sewer (excluding Proj. 720)
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-
-0-
-0-
-0-
-0-
-0-
-0-
8,600
600
-0-
-0-
600
-0-
See Grading
Permit No.
11364
-0-
1.104
-0-
72
$ 10,304
$
672
That the letter of credit required for the above items be reduced as detailed above
from $4,032 to $672 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 followsc
0
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
*Cash:
*Letter of Credit:
$-0-
$-0-
-
-0-$-0-
- * See Grading permit No. 11364 for required financial guarantees.
Adopted by the City Council on November 4, 1991