HomeMy WebLinkAboutCity Council Resolution 1989-784CITY OF PLYMOUTH
W Pursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 4th day of December
1989. The following members were present: Mayor Schneider, Councilmembers
8ir_ker- Zitur and Sisk
The following members were absent: Councilmember Vasiliou
Councilmember Sisk
adoption:
introduced the following Resolution and moved its
RESOLUTION NO. 89-784
REDUCING DEVELOPMENT BOND
BASS LAKE HILLS ADDITION (88060)
WHEREAS, in accordance with the development contract dated April 18, 1989, Revised June
15, 1989, CSM Corporation and Graham Development Company, developer of Bass Lake Hills
Addition (88060), 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:
F5m�
Street Construction - (Does not include
Proj. 416)
County Rd. 47
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction (Incl. with Grading)
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 82,000 $ 16,400
52,540
5,254
50,786
5,079
108,750
10,875
129,170
12,917
7,700
7,700
-0-
-0-
450
450
405,000
81,000
-0-
100.367
-0-
16761
$ 936,763 $ 156,436
That the letter of credit required for the above items be reduced as detailed above
from $936,763 to $156,436 to reflect the completed work.
Resolution No. 89-784
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
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
$21,000 $21,000
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: _11avor Schneider. Councilmembers Ricker Zitur and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted: