HomeMy WebLinkAboutCity Council Resolution 1989-751CITY 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 20th day of November
1989. The following members were present: Mayor Schneider, Councilmembers
_Vasiliou, Ricker, Zitur and Sisk '
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-751
REDUCING DEVELOPMENT BOND
FOX RUN 3RD ADDITION (85077)
WHEREAS, in accordance with the development contract dated May 14, 1986, Lundgren
Brothers Construction, Inc., developer of Fox Run 3rd Addition (85077), 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:
0
Street Construction
Sanitary Sewer
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
$ 38,000
$ -0-
32,000
-0-
17,000
-0-
33,000
-0-
2,600
400
1,200
-0-
150
-0-
26,000
-0-
1,600
18-1136
-0-
/ $
$ 169,736
$ 448
That the letter of credit required for the above items be reduced as detailed above
from $1,792 to $448 to reflect the completed work.
Resolution No. 89- 751
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:
NWi
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
$ 11000 $1,000
$27,000 $-0-
FURTHER BE IT RESOLVED that the letter of credit required for the above items is
reduced from $4,000 to $0 (zero) and the $1,000 cash deposit remains the same.
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.