HomeMy WebLinkAboutCity Council Resolution 1991-773RESOLUTION NO. 91-773
REDUCING DEVELOPMENT BOND
RIDGECREST 3RD ADDITION (A-774)
WHEREAS, in accordance with the development contract dated March 27, 1984, Nick M.
Loscheider Construction, Inc., developer of Ridgecrest 3rd Addition (A-774), 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 Sever
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Sweeping and Storm Sewer Cleanir_g
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Maintenance of Erosion & Sediment Control Plan
Design, Administration, Inspection, As-Builts
TOTAL
$ -0-
$ -0-
-0-
-0-
-0-
-0-
-0-
-0-
2,800
-0-
-0-
-0-
1,000
-0-
-0-
-0-
-0-
-0-
-0-
-0-
1.000
576
-0-
-0-
$ 5.376
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $5,376 to $0 (zero) to reflect the completed work. Letter of Credit No. 364 is
hereby reduced accordingly and will be returned by the Finance Departsient.
Adopted by the City Council on December 2, 1991