HomeMy WebLinkAboutCity Council Resolution 1989-812CITY 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, Councilmembers ,
Vasiliou, Ricker, Zitur and Sisk
The following members were absent:
Councilmember Sisk
adoption:
introduced the following Resolution and moved its
RESOLUTION NO. 89-812
REDUCING DEVELOPMENT BOND
PHEASANT TRAIL ADDITION (85103)
WHEREAS, in accordance with the development contract dated May 26, 1987, Pheasant
Trails Investors, developer of Pheasant Trail Addition (85103), 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:
I= ORIGINAL. AMOUNT NEW AMOUNT
Street Construction $ 18,248 $ -0-
Sanitary Sewer 31,498 -0-
Watermain 29,913 -0-
Storm Sewer 16,216 -0-
Boulevard and Drainage Swale Sod 5,000 1,000
Pond or Ditch Construction -0- -0-
Street Signs -0- -0-
Site Grading and Drainage Improvements 41,307 -0-
Park and Trail Improvements (Sidewalk) 4,480 -0-
Design, Administration, Inspection, As-Builts 17.600 120
TOTAL
$ 164,262 $ 1,120
That the letter of credit required for the above items be reduced as detailed above
from $11,828 to $1,120 to reflect the completed work.
Resolution No. 89- 812
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:
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $1,000
Letter of Credit: $7,800 $2,000
That the letter of credit for the above items be reduced as detailed above from $3,900
to $2,000 while the required cash deposit remains at $1,000.
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: Mayor Schneider, Councilmembers Vasiliou, Ricker. Zitur and Sisk ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.