HomeMy WebLinkAboutCity Council Resolution 1989-204CITY 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 17th day of April ,
1989. The following members were present: Mayor Schneider, Councilmembers Vasiliou.,
Ricker, Zitur and Sisk
The following members were absent: None
Courcilmember Sisk introduced the following Resolution and moved its
ado -tion:
RESOLUTION NO. 89-204
REDUCING DEVELOPMENT BOND
WILD WINGS 2ND ADDITION (88046)
WHEREAS, in accordance with the development contract dated December 5, 1988, DeVries
Builders, Inc., David C. Bell Investment Company, developer of Wild Wings 2nd Addition
(88046), 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 (does not include
Schmidt Lake Road, Proj. 705)
Concrete Curb and Gutter
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements (See
Grading Permit #17583)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 26,382
$ 26,382
992
992
55,895
-0-
20,438
-0-
14,255
-0-
2,600
2,600
-0-
-0-
300
300
-0-
-0-
5,500
15.04
5,500
4.293
$ 141,406 $ 40,067
That the letter of credit required for the above items be reduced as detailed above
from $73,132 to $40,067 to reflect the completed work.
Resolution No. 89-204
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:
ITEM
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Stora
Sewer Cleaning (For financial
information see Grading
Permit No. 17583) Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
FURTHER BE IT RESOLVED that the sanitary sewer, wotermain, and storm sewer construction
is accepted for continual maintenance as of April 17, 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.