HomeMy WebLinkAboutCity Council Resolution 1991-735CITY OF PLYMOUTH
RESOLUTION NO. 91-735
REDUCING DEVELOPMENT BOND
PONDEROSA WOODS ADDITION (88139)
WHEREAS, in accordance with the development contract dated October 16, 1989, Antoine J.
Poppelars, Simone F. Poppelars, Daniel A. Poppelars, Carrie Lyn Poppelars, developers
of Ponderosa Woods (88139), 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:
A7
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
$ 24,223
$ -0-
14,715
-0-
10,671
-0-
5,640
-0-
2,160
-0-
-0-
-0-
150
-0-
19,480
-0-
-0-
9.245
-0-
-0-
$ 86,284
$ -0-
That the letter of credit required for the above items be reduced as detailed above was
previously reduced to $0 (Zero) to reflect the completed work.
PONDEROSA WOODS ADDITION (88139)
Resolution No. 91-735
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:
ITEM
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash: $1,000 $ -0-
**Letter of Credit: $ -0- $ -0-
See Grading Permit No. 21939 - Letter of Credit No. 89-11 in the
amount of $4,500 remains in force.
FURTHER BE IT RESOLVED that the 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. The One Year Guarantee subsequently expired on November 5,
1991.
* FURTHER BE IT RESOLVED that the developer chose to install the wearing course during
1990 and understood that if there was any damage to the street in 1991 caused by
construction in the area, the City could require the developer to seal coat the
street in accordance with City standards. Letter of Credit No. 89-11 from the
Americana Bank submitted to secure Grading Permit No. 21939 was amended to include
$2,000 to ensure seal coating the street during 1991 if deemed necessary by the City
Engineer. It was not deemed necessary, therefore, Letter of Credit No. 89-11 may be
reduced accordingly.
Adopted by the City Council on November 18, 1991