HomeMy WebLinkAboutCity Council Resolution 1989-752CITY OF PLYMOUTH
RW 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 Nnvpmhpr ,
1989. The following members were present: Mayor Schneider, Councilmemhp_ra ,
Vasiliou, Ricker,Zitur and Sisk
The following members were absent: Wnn-
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-752
REDUCING DEVELOPMENT BOND
FOX RUN 4TH ADDITION (88040)
WHEREAS, in accordance with the development contract dated June 6, 1988, Lundgren Bros.
Construction, Inc., developer of Fox Run 4th Addition (88040), 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,
10 MINNESOTA; that the bonding requirements are reduced as follows:
ORIGINAL AMOUNT NEW AMOUNT
Per Letter 8-11-88)
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
$ 84,100
$ -0-
68,200
-0-
60,400
-0-
33,400
-0-
5,600
3,000
-0-
-0-
300
-0-
129,800
-0-
8,700
35.000
-0-
360
$ 425,500
$ 3,360
That the letter of credit required for the above items be reduced as detailed above
from $32,637 to $3,360 to reflect the completed work.
Resolution No. 89-752
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:
iTF.!!
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sever Cleaning Cash: $1,000 $1,000
Letter of Credit: $27,000 $5,400
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted for continual maintenance as of November 20, 1989 subject to the One Year
Guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
_QaUWJ. WMbCr 7jrwr , and upon vote being taken thereon, the following voted
in favor thereof: Flavor Schneider, Councilmembers Vasilinu, Rit-kpr, Zitur and Sisk ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.