HomeMy WebLinkAboutCity Council Resolution 1989-385CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a re-aular meeting of the City Council of
the City of Plymouth, Minnesota was held on the loth day of 1„1.. _,
1989. The following members were present: Schneider, Sisk, Zitur, Ricker, Vasil.iou
The following members were absent:
r -..n 4 1Tn}.c.r Ci -If
adoption:
one
introduced the following Resolution and moved its
RESOLUTION NO. 89-385
REDUCING DEVELOPMENT BOND
SHILOH PINES ADDITION (88025)
WHEREAS, in accordance with the development contract dated March 6, 1989, Nina W.
Wildman and B & H Supply, Inc., developer of Shiloh Pines Addition (88025), 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:
10
ITEM ORIGINAL.
AMOUN
NEW AMOUNT
Street Construction $
27,142
$ 27,142
Sanitary Sewer
22,040
22,040
Watermain
15,965
15,965
Storm Sewer
15,456
15,456
Boulevard and Drainage Swale Sod
2,200
2,200
Pond or Ditch Construction
-0-
-0-
Street Signs
300
300
Site Grading and Drainage Improvements
65,000
27,370
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts
17,772
13,257
TOTAL $
165,875
$ 123,730
That the letter of credit required for the above items be reduced as detailed above
from $165,875 to $123,730 to reflect the completed work.
Resolution No. 89- 385
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
$10,600 $10,600
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: Schneider, Sisk, Zitur, Ricker, Vasiliou
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.