HomeMy WebLinkAboutCity Council Resolution 1992-309CITY OF PLYMOUTH
RESOLUTION NO. 92-309
REDUCING DEVELOPMENT BOND
KUECHLE ADDITION (89033)
WHEREAS, in accordance with the development contract dated February 14, 1990, Kuechle
Construction Company, developer of Kuechle Addition (89033), 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:
ITE ORIGINAL AMOUNT NEW AMOUNT
Street Construttion (excluding Proj. No. 947) $ -0- $ -0-
Sanitary Sewer 4,100 -0-
Watermain 2,600 -0-
Storm Sewer (excluding Proj. No. 947) -0- -0-
Boulevard and Drainage Swale Sod 1,000 1,000
Pond or Ditch Construction -0- -0-
Street Signs 150 -0-
Site Grading and Drainage Improvements 3,400 -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 1.350 120
TOTAL $ 12,600 $ 1,120
That the letter of credit required for the above items be reduced as detailed above
from $5,096 to $1,120 to reflect the completed work. Letter of Credit No. 1001 may be
reduced accordingly.
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:
Adopted by the City Council on June 1, 1992
ORIGINAL AMOUNT NEW AMOUNT
$1,000 $1,000
$4,354 $ -0-