HomeMy WebLinkAboutCity Council Resolution 1991-733CITY OF PLYMOUTH
RESOLUTION NO. 91-733
REDUCING DEVELOPMENT BOND
PLYMOUTH MEADOWS ADDITION (88112)
WHEREAS, in accordance with the development contract dated April 17, 1989, David R.
Dahl and Laurie J. Dahl, developers of Plymouth Meadows Addition (88112), 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
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
$ 28,000
$ 5,400
15,300
-0-
9,600
-0-
10,000
-0-
1,500
-0-
1,000
-0-
150
-0-
16,500
-0-
-0-
-0-
$ 91,896 $ 6,000
That the letter of credit required for the above items be reduced as detailed above
from $19,208 to $6,000 to reflect the completed work. In this instance a cash deposit
has been provided.
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:
Fel
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
* See Grading Permit No. 22541 for
required financial guarantees
Adopted by the City Council on November 18, 1991.
$1,000 $ -0- *
$9,000 $ -0- *