HomeMy WebLinkAboutCity Council Resolution 1989-478CITY 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 ,
The following members were absent: Non
CounrilmemLer Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89- 478
REDUCING DEVELOPMENT BOND
MALLARD POINTE ADDITION (87110)
WHEREAS, in accordance with the development contract dated January 27, 1988, Northland
Land Company, developer of Mallard Pointe Addition (87110), 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:
jam ORTGINAL AMOUNT NEW AMOUNT
Street Construction $ 19,639 $ 5,000
Sanitary Sewer 12,069 1,207
Watermain 9,717 972
Storm Sewer 44,295 4,430
Boulevard and Drainage Swale Sod 2,400 -0-
Pond or Ditch Construction -0- -0-
Street Signs -0- -0-
Site Grading and Drainage Improvements -0- -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 10.574 1.393
TOTAL $ 98,694 $ 13,002
That the letter of credit required for the above items be reduced as detailed above
from $27,346 to $13,002 to reflect the completed work.
Resolution No. 88- 478
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
11 v
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning (See Site
Performance Agreement for details) Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
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, CouncilmPmbpra sillia,l. Ricker,, 74111r and S3&k
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.