HomeMy WebLinkAboutCity Council Resolution 1989-244CITY 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 1st day of May ,
1989. The following members were present: Mayor Schneider, Councilmembers Vasii;ol
Ricker. Zitur and Sisk
The following members were absent: ___None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-244
REDUCING DEVELOPMENT BOND
PARKERS LAKE NORTH 2ND ADDITION (87006)
WHEREAS, in accordance with the development contract dated July 29, 1987 Northland Land
Company, developer of Parkers Lake North 2nd Addition (87006); 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:
0
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Landscaping and Sidewalk
Design, Administration, Inspection, As-Builts
TOTAL
$ 254,340
$ 72,721
191,100
-0-
116,182
-0-
174,882
-0-
15,400
-0-
37,500
-0-
450
450
381,055
0-
30,000
144,109
-0-
8.781
$ 1,345,018
$ 81,952
That the letter of credit required for the above items be reduced as detailed above
from $87,551 to $81,952 to reflect the completed work.
Resolution No. 89-244
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
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$1,000 $1,000
$163,860 $10,000
The motion for the adoption of the foregoing Resolution was duly seconded by
CnunrilmPmhpr Zitur , and upon vote being taken thereon, the following voted
in favor thereof: Maynr Schneider, rnuncilmemhers Vasilioâ–º. Ricker. Zits and Sisk ,
The following voted against or abstained: Nnne
Whereupon the Resolution was declared duly passed and adopted.