HomeMy WebLinkAboutCity Council Resolution 1989-582CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a reg ar meeting of the City Council of
th6 City of Plymouth, Minnesota was held on the 25th day of September ,
1989. The following members were present: Mayor Schneider, Councilmembers Vasiliou
Ricker, Zitur and Sisk '
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-582
REDUCING DEVELOPMENT BOND
BOULDER RIDGE ADDITION (88124)
WHEREAS, in accordance with the development contract dated July 24, 1989, Krutzig
Homes, Inc. on behalf of Hillsborough Manor, Inc., developer of Boulder Ridge Addition
(88124), 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;
10 NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
0
Street Construction
Sanitary Sewer
Watermain
Storn Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
(SC -P20 Outlet Structure)
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 14,400
$ 14,400
82,350
5,000
28,600
5,720
7,700
7,700
6,700
6,700
1,200
1,200
150
150
10,000
5,000
4,800
18-708
4,800
4.794
$ 174,608 $ 55,464
That the letter of credit required for the above items be reduced as detailed above
from $87,864 to $55,464 to reflect the completed work.
Resolution No. 89-582
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
$7,900 $7,900
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Sisak , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Schneider- Counrilmambeya Vasiliou. Ricker_ ziroir anA ciao ,
The following voted against or abstained: None
. Whereupon the Resolution was declared duly passed and adopted.