HomeMy WebLinkAboutCity Council Resolution 1989-670CITY OF PLYMOUTH
Pursu4nt to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 16th day of October ,
1989. The following members were present: Mayor ScLneider, 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- 670
REDUCING DEVELOPMENT BOND
WOOD POINTE ESTATES ADDITION (88044)
WHEREAS, in accordance with the development contract dated July 18, 1988, Schoell and
Madson, Inc., developer of Wood Pointe Estates (88044), 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 (includes 2" PVC Sewer
Service Forcemain to Serve Lot 1)
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 28,815
$ -0-
18,637
-0-
18,564
-0-
7,164
-0-
2,800
1,600
-0-
-0-
150
-0-
6,788
-0-
-0-
9.950
-0-
192
$ 92,868
$ 1,792
That the letter of credit required for the above items be reduced as detailed above
from $8,663 to $1,792 to reflect the completed work.
Resolution No. 89-670
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
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Sturm
Sewer Cleaning Cash: $1,000 $1,000
Letter of Credit: $ 800 $ -0-
1NW
Tree Preservation (Beyond the
construction zone)
Letter of Credit: $15,000 $5,000
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted for continual maintenance as of October 16, 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 Schne{der, Councilmembers Vasiliou. Ricker•, ur and Sink ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.