HomeMy WebLinkAboutCity Council Resolution 1989-813CITY 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 Dp-ct-mhpr,
1989. The following members were present: Mayor Schneider, Counrilmpmhprs
Vasiliou, Ricker, Zitur and Sisk '
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89- 813
REDUCING DEVELOPMENT BOND
SHILOH PINES ADDITION (88025)
WHEREAS, in accordance with the development contract dated March 6, 1989, Nina W.
Wildman and B & H Supply, Inc., developer of Shiloh Pines Addition (88025), 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:
P"51T
Street Construction $ 27,142 $ 14,648
Sanitary Sewer 22,040 2,204
Watermain 15,965 1,597
Storm Sewer 15,456 1,546
Boulevard and Drainage Swale Sod 2,200 2,200
Pond or Ditch Construction -0- -0-
Street Signs 300 300
Site Grading and Drainage Improvements 65,000 650
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 17.772 2.777
TOTAL $ 165,875 $ 25,922
That the letter of credit required for the above items be reduced as detailed above
from $39,916 to $25,922 to reflect the completed work.
Resolution No. 89-813
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 Pian
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$1,000 $1,000
$10,600 $10,600
The motion for the adoption of ':he 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.