HomeMy WebLinkAboutCity Council Resolution 1989-459CITY 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 7th day of August
1989. The following members were present: Mayor Schneider, Coin tlmembers Vasiliou ,
Ricker. Zitur and Sisk
The following members were absent: None
Cmincilmemher Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89- 459
REDUCING DEVELOPMENT BOND
PARKERS LAKE NORTH 2ND ADDITION (87006)
WHEREAS, in accordance with the development contract dated July 29, 1987 Northland Lane
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 r.Y THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
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
$ 254,340
$ -0-
191,100
-0-
116,182
-0-
174,882
-0-
15,400
-0-
37,500
-0-
450
-0-
381,055
-0-
30,000
144.109
-0-
_0_
$ 1,345,018
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $81,952 to $0 (zero) to reflect the completed work. Letter of Credit No. SB -8031
is hereby released.
Resolution No. 891+59
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
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
hereby 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 is er , and upon vote being taken thereon, the following voted
in favor thereof: Iriayor Schneider, Councilmembers Vasilinu, Ricker- 7ityyr art Sink-,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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