HomeMy WebLinkAboutCity Council Resolution 1989-012CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City Crnmcil of
the City of Plymouth, Minnesota was held on the 3rd day of January ,
1989. The following members were present: Mayor Schneider, Councilmembers Vasil nn ,
Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-12
REDUCING DEVELOPMENT BOND
HERITAGE RIDGE ADDITION (86087)
WHEREAS, in accordance with the development contract dated November 3, 1987, [lost
Development and International Development, developer of Heritage Ridge Addition
(86087), 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 Signs
Site Grading and Drainage Improvements
(See Site Grading Permit No. 10962)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 88,428
64,950
45,369
14,376
6,400
-0-
450
-0-
1,256
26-547
$ -0-
-0-
-0-
-0-
4,200
-0-
-0-
-0-
126
519
$ 247,776 $ 4,845
That the letter of credit required for the above items be reduced as detailed above
from $33,741 to $4,845 to reflect the completed work.
Resolution No. 89-12
Page Two
FARTHER BE TT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced as follows:
P40 4
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. 10962 for Financial Guarantee
FURTHER BE IT RESOLVED, that the street construction and concrete curb and gutter is
accepted for continual maintenance as of January 3, 1989, subject to the One Year
Guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Counejj=mber Vanf ion , and upon vote being taken thereon, the following voted
in favor thereof: _Mayor Schneider- CouncilmAmbers Vasiliou. Rinker, Ziti±r and Sisk ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted. .