HomeMy WebLinkAboutCity Council Resolution 1993-128RESOLUTION NO. 93-128
REDUCING DEVELOPMENT BOND
PONDEROSA WOODS 2ND ADDITION (92076)
WHEREAS, in accordance with the development contract dated October 5, 1992, Antione J.
Poppelaars and Simone F. Poppelaars, developer of Ponderosa Woods 2nd Addition (92076),
has agreed to install certain improvcments 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:
0
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs (1 x 150)
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
Seting Iron Monuments
TOTAL
$ -0-
$ -0-
12,457
-0-
5,200
-0-
13,160
-0-
800
800
-0-
-0-
-0-
-0-
-0-
-0-
-0-
-0-
3,794
1.000
200
1.000
$ 36,411
$ 2,000
That the letter of credit required for the above items be reduced as detailed above
from $36,411 to $2,000 to reflect the completed work.
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:
F -y
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning (See Proj. 88139
and Grading Permit No. 21929)
Cash:
Letter of Credit:
$1,000 $1,000
$ -0- $ -0-
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer construction
is accepted for continual maintenance as of March 1, 1993 subject to the Two Year
Guarantee by the Developer.
Adopted by the City Council on March 1, 1993.