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HomeMy WebLinkAboutCity Council Resolution 1989-011CITY OF PLYMOUTH Pursuant to due call and notice thereof, a regular _ meeting of the City Council of the City of Plymouth, Minnesota was held on the 3rd day of January , 1989. The following members were present: Mayor Schneider, Councilmembers Vasiliou, , The following members were absent: Non Councilmember Sisk introduced the following Resolution and moved its adoption: RESOLUTION NO. 89-11 REDUCING DEVELOPMENT BOND DEERWOOD GLEN PLAT TWO (87010 FKA 86084)) WHEREAS, in accordance with the development contract dated March 16, 1987, Wiswell Estates, Inc., and International Development, Inc., developer of Deerwood Glen Plat Two (87010 FKA 86084), 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 Sewer Watermain Storm Sewer Boulevard and Drainage Swale Sod Pond or Ditch Construction Street Signa Site Grading and Drainage Improvements Park and Trail Improvements Design, Administration, Inspection, As-Builts TOTAL $ 77,200 $ 7,720 42,900 -0- 43,400 -0- 15,500 -0- 6,800 6,000 -0- -0- 300 -0- See Grading Permit #4474 -0- 22,332 -0- 1,646 $ 208,432 $ 15,366 That the letter of credit required for the above items be reduced as detailed above from $61,592 to $15,366 to reflect the completed work. Resolution No. 89- 11 Page Two FURTHER RF TT RFSOIXF0 that the honding requirements for the following itoms per Section 8.1 of the approved development contract be reduced as follows: ITEM ORIGINAL AMOUNT NEW AMOUNT Maintenance of Erosion and Sediment Control Plan Street Sweeping and Storm Sewer Cleaning Cash: $-0- $-0- Letter of Credit: $-0- $-0- See Grading Permit No 4474 The motion for the adoption of the foregoing Resolution was duly seconded by Councilmember Vasiliou , and upon vote being taken thereon, the following voted in favor thereof: Mayor Schneider, Councilmembers Vasiliou, Ricker, Zitur and Sisk The following voted against or abstained: NO Whereupon the Resolution was declared duly passed and adopted.