HomeMy WebLinkAboutCity Council Resolution 1989-733CITY 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 6th day of November
1989. The following members were present: Mayor Schneider, Councilmembers Vasiliou
Ricker. 2itur and Sisk '
The following members were absent: None
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Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-733
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 requester 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:
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Street Construction
Sanitary Sewer
Watermain
Storm 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
ORIGINAL AMOUNT
$ 14,400
NEW AMOUNT
$ 3,660
82,350
-0-
28,600
-0-
7,700
-0-
6,700
1,800
1,200
-0-
150
150
10,000
-0-
4,800
18,708
960
788
$ 174,608
$ 7,358
That the letter of credit required for the above items be reduced as detailed above
from $15,086 to $7,358 to reflect the completed work.
Resolution No. 89-733
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
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , 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
Whereupon the Resolution was declared duly passed and adopted.