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.