HomeMy WebLinkAboutCity Council Resolution 1989-786CITY OF PLYMOUTH
JW Pursuant to due call and notice thereof, a rPg„lar meeting of the City Council of
the City of Plymouth, Minnesota was held on the 4th day of Dprpmhpr ,
1989.. The following members were present: Mayor Schneider, Councilmembers
Ricker. 2itur and Sisk
The following members were absent: Councilmember Vasiliou
rnjinri1mPmhar Siak introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-786
REDUCING DEVELOPMENT BOND
WILD WINGS 2ND ADDITION (88046)
WHEREAS, in accordance with the development contract dated December 5, 1988, DeVries
Builders, Inc., David C. Bell Investment Company, developer of Wild Wings 2nd Addition
(88046), 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 (does not include
Schmidt Lake Road, Proj. 705)
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements (See
Grading Permit #17583)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 26,382
$ -0-
55,895
-0-
20,438
-0-
14,255
-0-
2,600
1,600
-0-
-0-
300
300
-0-
-0-
5,500
_15..044
-0-
228
$ 140,414
$ 2,128
That the letter of credit required for the above items be reduced as detailed above
from $16,128 to $2,128 to reflect the completed work.
Resolution No. 89-786
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:
I1`EM
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning (For financial
information see Grading
Permit No. 17583) Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
FURTHER BE IT RESOLVED that the street construction, concrete curb and gutter, and
trail construction is accepted for continual maintenance as of December 4, 1989 subject
to the One Year Guarantee by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember 2.itur , and upon vote being taken thereon, the following voted
S'
in favor thereof: Mayor hn fdars rnunrilmpmhprc Rirlrar 7 a
- ,i�rus_safS,ick
The following voted against or abstained: Nnnp
Whereupon the Resolution was declared duly passed and adopted.