HomeMy WebLinkAboutCity Council Resolution 1989-810CITY 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 ---!8tH day of December
1989. The following members were present: Mayor Schneider, Councilmembers
Vasiliou. Ricker, Zitur and Sisk '
The following members were absent: None
Council—member Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89- 810
REDUCING DEVELOPMENT BOND
QUAIL RIDGE 4TH ADDITION (87134)
WHEREAS, in accordance with the development contract dared July 18, 1988, Cenvesco,
Inc., developer of Quail Ridge 4th Addition (87134), 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:
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements (See
Grading Permit No. 12929)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 74,360
$ 74,360
46,969
-0-
44,515
-0-
7,740
-0-
7,200
7,200
-0-
-0-
300
300
-0-
-0-
-0-
21,730
-0-
9,821
$ 202,814 $ 91,683
That the letter of credit required for the above items be reduced as detailed above
from $202,814 to $91,683 to reflect the completed work.
Resolution No. 89- 810
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
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning (See Grading Cash: $-0- $-0-
Permit No. 12929 Letter of Credit: $-0- $-0-
for required financial guarantees)
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, and storm sewer construction
is accepted for continual maintenance as of December 18, 1989 subject to the One Year
Guarantee by the Developer.
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, Councilmembers Vasiliou, Ricker, Zitur and Sisk.
The following voted against or abstained: None -
Whereupon the Resolution was declared duly passed and adopted.