HomeMy WebLinkAboutCity Council Resolution 1989-734CITY OF PLYMOUTH
ibPursuant 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- CojinrilmamhPrs
Vasilinn_ RirkPr. Zitur and Rick
The following members were absent: Nonp
('.niinnilmomhar ciak introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-734
REDUCING DEVELOPMENT BOND
SWAN LAKE WEST ADDITION (89025)
WHEREAS, in accordance with the development contract dated October 2, 1989, Kings North
Corporation, developer of Swan Lake West Addition (89025), 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:
R"'.]
Street Construction (Excluding Proj. 948) $ 145,104 $ 29,021
Sanitary Sewer 109,429 21,886
Watermain 111,170 22,234
Storm Sewer 84,335 16,867
Boulevard and Drainage Swale Sod 8,200 8,200
Pond or Ditch Construction -0- -0-
Street Signs 600 600
Site Grading and Drainage Improvements 150,000 31,438
Park and Trail Improvements 9,280 9,280
Design, Administration, Inspection, As-Builts 74.174 16.743
TOTAL $ 692,292 $ 156,269
That the letter of credit required for the above items be reduced as detailed above
from $692,292 to $156,269 to reflect the completed work.
Resolution No. 89-734
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 (See Grading Cash: $-0- $-0-
Permit No. 21412 Letter of Credit: $-0- $-0-
For Required Financial Guarantee)
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
oneWhereupon the Resolution was declared duly passed and adopted.
**,� *-A