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HomeMy WebLinkAboutCity Council Resolution 1989-626CITY 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 2nd day of Octnhpr , 1989. The following members were present: Mayor Schneider, Councilmemhers Vasilinji , Ricker, Zitur and Sisk The following members were absent: None Councitmember Zitur introduced the following Resolution and moved its adoption: RESOLUTION NO. 89-626 REDUCING DEVELOPMENT BOND CREEKWOOD HILLS 2ND ADDITION (A-648) WHEREAS, in accordance with the development contract dated January 4, 1984, Universal Land Corporation, developer of Creekwood Hills 2nd Addition (A-648), 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: 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 Street Sweeping and Storm Sewer Cleaning Maintenance of Erosion and Sediment Control Plan Design, Administration, Inspection, As-Builts 82,852 $ -0- 54,750 -0- 55,027 -0- 27,655 -0- 9,600 -0- -0- -0- 750 -0- 10,000 -0- -0- -0- 2,000 -0- 2,000 -0- 29-356 0- 29-356 -0- $ 273,990 $ -0- That the letter of credit required for the above items be reduced as detailed above from $896 to $0 (zero) to reflect the completed work. The motion for the adoption of the foregoing Resolution was duly seconded by Councilmember Sisk , and upon vote being taken thereon, the following voted in favor thereof: Mayor Schneider Councilmembers Vasilinu- Rickpr- 7it„r- anti Siete , The following voted against or abstained: None Whereupon the Resolution was declared duly passed and adopted.