HomeMy WebLinkAboutCity Council Resolution 1989-458CITY OF PLYMOUTH
1bPursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 7th day of August ,
1989. The following members were present: Mayor Schneider, Councilmembers Vasiliou ,
Ricker. 2itur and Sisk
The following members were absent: clone
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-458
REDUCING DEVELOPMENT BOND
WILD WINGS 3RD ADDITION (88141)
WHEREAS, in accordance with the development contract dated January 23, 1989, David C.
Bell Investment Company and DeVries Builders, Inc., developer of Wild Wings 3rd
Addition (88141), 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:
P 4p 4;Ay]
Street Construction (Does not include
Schmidt Lake Road, Proj. 705)
Concrete Curb and Gutter (Separate Financial
Guarantee for Proj. 705, not included in
total columns)
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
$ 58,233 $ 10,560
5,330
5,330
28,366
-0-
29,687
-0-
8,585
-0-
4,000
4,000
-0-
-0-
450
450
-0- -0-
18,804 18,804
17.775 4.058
$ 165,900 $ 37,872
That the letter of credit (No. 8255) required for the above items (excluding Project
No. 705) be reduced as detailed above from $104,700 to $37,872 to reflect the completed
work.
* Does not include the estimated reimbursement cost for the difference between the
8" and 12" watermain per Item 3.3 in the executed development contract.
Resolution No. 89-458
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 AMOLAT NEW AMOUNT
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 sanitary Sewer, watermain, and storm sewer construction
is accepted for continual maintenance as of August 7, 1989 subject to the required one
year guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Ricker , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Schneider- Conn i 1mamh rQ Va,ci 1 inti , Rickey-- 2.i tur and Risk ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.