HomeMy WebLinkAboutCity Council Resolution 1989-753CITY 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. 89-753
REDUCING DEVELOPMENT BOND
STEEPLECHASE 3RD ADDITION (87019)
WHEREAS, in accordance with the development contract dated April 6, 1987, Lundgren
Brothers Construction, Inc. developer of Steeplechase 3rd Addition (87019), 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 $
100,000
$ -0-
Sanitary Sewer
73,400
-0-
Watermain
70,000
-0-
Storm Sewer
21,200
-0-
Boulevard and Drainage Swale Sod
6,200
2,000
Pond or Ditch Construction
-0-
-0-
Street Signs
450
-0-
Site Grading and Drainage Improvements
176,200
-0-
Park and Trail Improvements
7,400
-0-
Design, Administration, Inspection, As-Builts
54,582
240
TOTAL $
509,432
$ 2,240
That the letter of credit required for the above items be reduced as detailed above
from $3,573 to $2,240 to reflect the completed work.
Resolution No. 89-753
Page Two
iFURTHER 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
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$1,000 $1,000
$49,000 $4,900
FURTHER BE IT RESOLVED that the trail construction is accepted for continual
maintenance as of November 20, 1989 subject to the One Year Guarantee by the Developer.
FURTHER BE IT RESOLVED that the letter of credit for the above items is reduced from
$12,250 to $4,900 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, Com ilm mh rn Vaailin,i, Rirkar, 7ir„r and Risk—t
The following voted against or abstained: Nnnp
Whereupon the Resolution was declared duly passed and adopted.