HomeMy WebLinkAboutCity Council Resolution 1992-452RESOLUTION NO. 92-452
REDUCING DEVELOPMENT BOND
THE PROPOSED AVONLEA ADDITION (90087)
WHEREAS, in accordance with the proposed development contract dated July 9, 1991, but
never executed by the developers, Kenneth J. Guddal and Corrine J. Guddal, owners of
the proposed Avonlea Addition (90087), installed certain improvements for said proposed
development; and
WHEREAS, the developer has completed a portion of the utility work as noted below; and
WHEREAS, the developer has requested a reduction of the development bond to reflect the
completed work and acceptance of the utility construction for continual maintenance by
the City of Plymouth;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
Sanitary Sewer $ 1,575 $ -0-
Watermain 1,075 -0-
Design, Administration, Inspection, As-Builts 318 _0 -
TOTAL $ 2,968 $ -0-
That the letter of credit required for the above items be reduced as detailed above
from $2,968 to $0 (zero) to reflect the completed work.
FURTHER BE IT RESOLVED that the watermain and sanitary sewer construction within the 65
foot permanent easement provided by the owners/developers is accepted for continual
maintenance as of August 3, 1992 subject to the One Year Guarantee by the Developer's
contractor.
Adopted by the City Council on Aug»st 3, 1992.