HomeMy WebLinkAboutCity Council Resolution 1989-630CITY 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 October ,
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. 89.630
REDUCING DEVELOPMENT BOND
PARKERS LAKL CORPORATE CENTER (88089)
WHEREAS, in accordance with the development contract dated October 4, 1988, United
Properties Development Company, developer of Parkers Lake Corporate Center Addition
(88089), 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
$ 27,500
$
*3,000
Sanitary Sewer
9,400
(1)
1,000
Watermain
21,125
(1)
1,000
Storm Sewer
10,198
(1)
1,000
Boulevard and Drainage Swale Sod
2,500
2,500
Pond or Ditch Construction
-0-
-0-
Street Signs
150
-0-
Site Grading and Drainage Improvements
16,000
1,600
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts
10,425
1,212
TOTAL
$ 97,298
$
11,312
* For construction of required temporary cul-de-sac
(1) For items on punch list dated September 21, 1989 prepared by Ken Johnson
That the letter of credit required for the above items be reduced as detailed above
from $97,298 to $11,312 to reflect the completed work.
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Resolution No. 89-630
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
$12,200 $2,200
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, storm sewer, and street
construction is accepted for continual maintenance as of October 2, 1989, subject to
the One Year Guarantee by the Developer.
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- n m { 1mwfnhPra UaSJ 1 ieg..- 44Ck ei-,--Zi&%p
and Sisk
The following voted against or abstained: Nnnp
Whereupon the Resolution was declared duly passed and adopted.