HomeMy WebLinkAboutCity Council Resolution 1992-789CITY OF PLYMOUTH
ESOLUTION NO. 92-789
REDUCING DEVELOPMENT BOND
SEVEN PONDS SECOND ADDITION (91062)
WHEREAS, in accordance with the development contract dated October 10, 1991, Hans Hagen
Homes, Inc., David R. Dahl, and Laurie J. Dahl, Norwest Bank Minnesota Southwest N.A.
and Robbins Partnership, BOVAH Investment Company, developer of Seven Ponds Second
Addition (91062) 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 that
the bonding requirements are reduced as follows:
Street and Concrete C & G (Res.)
Street Construction (Comm./Ind.)
Sanitary Sewer System (Res.)
Sanitary Sewer System (Comm./Ind.)
Watermain System (Comm./Ind.)
Storm Sewer System
Boulevard & Drainage Swale Sod
Pond or Ditch Construction
Street Signs (2 x 150)
;ark and Trail Imp.
Site Grading & Drainage Imp.
Design, Administration,
Inspection, As-Builts
ORIGINAL TOTAL
Street and Concrete C & G (Res.)
Street Construction (Comm./Ind.)
Sanitary Sewer System (Res.)
Sanitary Sewer System (Comm./Ind.)
Watermain System (Comm./Ind.)
Storm Sewer System
Boulevard & Drainage Swale Sod
Pond or Ditch Construction
Street Signs (2 x 150)
Park and Trail Imp.
Site Grading & Drainage Imp.
Design, Administration,
Inspection, As-Builts
REVISED TOTAL
City Proi .
$ 32,336
ORIGINAL
Public
$60,000
AMOUNT
Private
$ -0-
Total
$ 60,000
353,538
-0-
-0-
-0-
34,128
38,500
-0-
38,500
34,128
-0-
-0-
-0-
137,937
28,500
-0-
28,500
-0-
13,000
-0-
13,000
-0-
-0-
4,600
4,600
-0-
-0-
-0-
-0-
-0-
300
-0-
300
-0-
-0-
-0-
-0-
-0-
-O-
16.836
85,000
10-752
85,000
-0-
$592,067
$157,136
NEW
$100,352
AMOUNT
27,588
$257,488
City P_ oi.
$ 32,336
Public
$30,000
Private
$ -0-
Total
$ 30,000
353,538
-0-
-0-
-0-
34,128
-0-
-0-
-0-
34,128
-0-
-0-
-0-
137,937
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-O-
3,000
3,000
-0-
-O-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
3.600
17,000
2.400
17,000
6-000
-0-
$592,067
$ 33,600
$ 22,400
$ 56,000
SEVEN PONDS SECOND ADDITION (91062)
Resolution No. 92-789
Page Two
That the letter of credit required for the above items (excluding the city project) be
reduced as detailed above from $58,128 to $56,000 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:
Maintenance of Erosion and
Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash: See Grading Permit No. 43816
Letter of Credit: See Grading Permit No. 43816
Adopted by the City Council on December 7, 1992.