HomeMy WebLinkAboutCity Council Resolution 1989-809CITY 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 18th day of December ,
1989. The following members were present: Mayor Schneider, Councilmemb rc ,
Vasiliou, Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Sisk
adoption:
introduced the following Resolution and moved its
RESOLUTION NO. 89- 809
REDUCING DEVELOPMENT BOND
PARKERS LAKE NORTH 3RD ADDITION (87036)
WHEREAS, in accordance with the development contract dated October 5, 1987, Laukka-
Williams Parkers Lake, A Minnesota General Partnership, developer of Parkers Lake North
3rd Addition (87036), 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:
r-0011
Street Construction $ 148,867 $ 9,000
Sanitary Sewer 118,274 -0-
Watermain 106,377 -0-
Storm Sewer 45,931 -0-
Boulevard and Drainage Swale Sod 20,600 4,000
Pond or Ditch Construction -0- -0-
Street Signs 1,050 300
Site Grading and Drainage Improvements -0- -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 52.932 _1.596
TOTAL $ 494,031 $ 14,896
That the letter of credit required for the above items be reduced as detailed above
from $17,136 to $14,896 to reflect the completed work.
Resolution No. 89-809
Page Two
0 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
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
See Parkers Lake North 2nd Addition for financial guarantee for this item.
The motion for the adoption of the foregoing Resolution was duly seconded by
Counnilmemher 9.itnr , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Sr•hnPidPr C,,,, rii...-mht-.-.. n aliy- R4vl-ey 7j 'rc�
and disk
The following voted against or abstained: NnnP
Whereupon the Resolution was declared duly passed and adopted.