HomeMy WebLinkAboutCity Council Resolution 1989-673CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a re¢ular 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 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- 673
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;
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 Construct4rn
(SC -P20 Outlet Structure)
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 14,400
$ 3,660
82,350
-0-
28,600
-0-
7,700
-0-
6,700
6,700
1,200
-0-
150
150
10,000
2,000
4,800
18.70
960
1.616
$ 174,608 $ 15,086
That ttie letter of credit required for the above items be reduced as detailed above
from $.75,464 to $15,086 to reflect the completed work.
Revolution No. 89-673
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 Storm
Sewer Cleaning Cash: $1,000 $1,000
Letter of Credit: $7,900 $7,900
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, and storm sewer construction
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 Schneider, Councilmembers Vasiliou, Ricker, Zitur and Sisk ,
The following voted against or abstained: None
01 Whereupon the Resolution was declared duly passed and adopted.
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