HomeMy WebLinkAboutCity Council Resolution 1989-121CITY 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 27th day of FPhriigry ,
1989. The following members were present: Mayor Schneider, Councilmembers Vasilin,i ,
cker, Zitur and Sisk
The following members were absent: None
*** *** ***
Councilmember Sisk introduced the following Resolution and mored its
adoption:
RESOLUTION NO. 89-121
REDUCING DEVELOPMENT BOND
WILD WINGS ADDITION (84057)
WHEREAS, in accordance with the development contract dated September 3, 1986 DeVries
Builders, Inc., Vernon C. Weegman, Patti M. Weegman and John Lonke, developer of Wild
Wings Addition (84057), 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:
I= ORIGINAL
AMOUNT NEW
AMOUNT
Street Construction $
71,400 $
30,000
Schmidt Lake Road
21,230
-0-
Schmidt Lake Road Curb & Gutter
3,211
-0-
Sanitary Sewer
61,530
-0-
Watermain
61,460
-0-
Storm Sewer
23,760
-0-
Boulevard e -id Drainage Swale Sod
8,400
7,000
Pond or Ditch Construction
-0-
-0-
Street Signs
450
450
Site Grading and Drainage Improvements Grading
Permit Issued
7,000 **
Park and Trail Improvements
960
960
Design, Administration, Inspection, As-Builts
29.903
4.609
TOTAL $ 282,304 $ 43,019
* The Developer satisfied this obligation with a cash deposit of 25% ($802.75) on
October 27, 1986.
** The Developer has previously requested release of the $47,000 Letter of Credit (No.
318) originally submitted with Grading Permit No. 6228, with ',.he understanding that
$7,000 will be retained with the Financial Guarantee submitted for the items noted
above.
iThat the letter of credit required for the above items be reductd as detailed above
from $75,365 to $43,019 to reflect the completed work.
Resolution No. 89- 121
Page Two
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:
t"I�
Maintenance of Erosion
and Sediment Control Plan,
Street Sweeping and Storm
Sewer Cleaning Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
FURTHER BE IT RESOLVED that the Schmidt Lake Road Street Construction in conjunction
with Wild Wings Addition is accepted for continual maintenance as of February 27, 1989
subject to the One Year Guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , 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: None
Whereupon the Resolution was declared duly passed and adopted.