HomeMy WebLinkAboutCity Council Resolution 1991-736CITY OF PLYMOUTH
RESOLUTION NO. 91-736
REDUCING DEVELOPMENT BOND
DEERWOOD GLEN PLAT TWO (87010 FKA 86084)
WHEREAS, in accordance with the development contract dated March 16, 1987, Wiswell
Estates, Inc., and International Development, Inc., developer of Deerwood Glen Plat Two
(87010 FKA 86084), 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
S 77,200 $ * -0-
42,900 -0-
43,400 -0-
15,500 -0-
6,800 -0-
-0- -0-
300 -0-
See Grading Permit #4474
-0- -0-
22.332 -0-
$ 208,432 $ -0-
That the letter of credit required for the above items be reduced as detailed above
from $672 to $0 (zero) to reflect the completed work.
Letter of Credit No. 5585/3124 is hereby reduced accordingly.
* Buried manhole on Yorktown Lane North of 47th Avenue. Corrective work has peen
completed.
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: **
See Grading Permit No. 4474
Adopted by the City Council on November 18, 1991.
ORIGINAL AMOUNT NEW AMOUNT
$-0- $-0-
$-0- $-0-