HomeMy WebLinkAboutCity Council Resolution 1989-242CITY 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 lst day of May ,
1989. The following members were present: Mayor Schneider. Councilembers VasilioU ,
Ricker, Zitur and Sisk
The following members were absent: Non
Councilember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-242
REDUCING DEVELOPMENT BOND
FOX RUN 4TH ADDITION (88040)
WHEREAS, in accordance with the development contract dated June 6, 1988, Lundgren Bros.
Construction, Inc., developer of Fox Run 4th Addition (88040), 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:
ORIGINAL AMOUNT NEW AMOUNT
(Per Letter 8-11-88)
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 84,100
$ 21,000
68,200
-0-
60,400
-0-
33,400
-0-
5,600
5,000
-0-
-0-
300
300
129,800
-0-
8,700
35,000
-0-
3,156
$ 425,500 $ 29,456
That the letter of credit required for the above items be reduced as detailed above
from $32,637 to $29,456 to reflect the completed work.
ResolutiOn No. 88- 242
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 k3 follows:
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
$1,000 $1,000
$27,000 $13,500
FURTHER BE IT RESOLVED that the public trail construction is accepted for continual
maintenance as of May 1, 1989 subject to the One Year Guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Ctouncilmember.iter , and upon vote being taken thereon, the following voted
in favor thereof: _aynr Rrhnpidar- rnttnrilmaornbQYS Vasilinn- Rirlror- 94t..r SRA S3gkG
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.