HomeMy WebLinkAboutCity Council Resolution 1989-474CITY 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 21st day of August ,
1989. The following members were present: Mayor Schneider, Councilmembers Vasiliou ,
Ricker, Zitur and Sisk
The following members were absent: Vone
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-474
REDUCING DEVELOPMENT BOND
LAKE PARK HEIGHTS ADDITION (85089)
WHEREAS, in accordance with the development contract dated June 6, 1986, Graham
Development Company, developer of Lake Park Heights Addition (85089), 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;
NNOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
Street Construction
$ 59,100
$ -0-
Sanitary Sewer
26,563
-0-
Watermain
29,801-
-0-
Storm Sewer
9,595
-0-
Boulevard and Drainage Swale Sod
3,400
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
1.50
-0-
Site Grading and Drainage Improvements
50,000
-0-
Park and Trail Improvements
300
-0-
Landscaping
1,810
1,810
Design, Administration, Inspection, As-Builts
21,469
_0 -
TOTAL
$ 202,188
$1,810
That the letter of credit required for the above items be reduced as detailed above
from $11,435 to $1,810 to reflect the completed work.
Resolution No. 89-474
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 $ 11000
$14,700 $ -0-
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, Counci l,npmh ra Ricker_
Zitur and Sisk
The following voted against or abstained: Councilmember Vasilim,
Whereupon the Resolution was declared duly passed and adopted.