HomeMy WebLinkAboutCity Council Resolution 1992-510RESOLUTION NO. 92-510
REDUCING DEVELOPMENT BOND
CURTIS LAKE ADDITION (90105)
WHEREAS, in accordance with the development contract dated June 17, 1991, and the
supplemental pond maintenance agreement dated June 17, 1991, Blue and Gold Company,
developer of Curtis Lake Addition (90105), 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 completed the construction of three (3) water quality
treatment ponds; 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 (excluding Proj.
No's 015/011)
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
$ 83,500 $ 17,700
66,000
-0-
59,000
-0-
50,000
-0-
10,000
10,000
-0-
-0-
600
600
65,000
13,000
-0-
40.092
-0-
4.956
$ 374,192 $ 46,256
That the letter of credit required for the above items remain as detailed above at
$46,256 to reflect the completed work.
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;
"p-141111
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning (See Grading
Permit No. 42235 for required
financial guarantees)
Cash:
Letter of Credit:
p . W I j r �
$-0- $-0-
$-0- S -0 -
FURTHER BE IT RESOLVED in accordance with the pond maintenance agreement dated June 17,
1991, the City Council of the City of Plymouth, Minnesota hereby accepts the three (3)
water quality treatment ponds as of August 31, 1992 thereby beginning the required two
(2) year maintenance period by the Blue and Gold Company.
Adopted by the City Council on August 31, 1992
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