HomeMy WebLinkAboutCity Council Resolution 1989-477CITY 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 ,
Bicker. Zitur and Sisk
The following members were absent: None
*ter *rt* ***
C uuncilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-477
REDUCING DEVELOPMENT BOND
BASS LAKE WOODS ADDITION (84075)
WHEREAS, in accordance with the development contract dated November 15, 1984, Bass Lake
Woods Associates, developer of Bass Lake Woods Addition (84075), 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 requiresiente are
reduced as follows:
I=
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$ 74,700
$ -0-
Sanitary Sewer
66,000
-0-
Watermain
56,000
-0-
Storm Sewer
74,000
2,500
Boulevard and Drainage Swale Sod
8,200
1,600
Pond or Ditch Construction
-0-
-0-
Street Signs
600
600
Site Grading and Drainage Improvements
48,200
-0-
Park and Trail Improvements
-0-
-0-
De31gn, Administration, Inspection, As-Builts 39.324
am
TOTAL
$ 367,024
$ 51000
That the letter of credit required for the above items be reduced as detailed above
from $5,152 to $5,000 to reflect the completed work; and
Resolution No. 89- 477
Page Two
10 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:
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
$1,000 $1,000
$12,500 $2,000
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: Mayor Schneider, Councilmembers Vasilio•i, Ricker, Zitur and Sisk ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.