HomeMy WebLinkAboutCity Council Resolution 1993-280CITY OF PLYMOUTH
RESOLUTION NO. 93-280
REDUCING DEVELOPMENT BOND
PINE RIDGE AT BASS LAKE ADDITION (86147)
WHEREAS, in accordance with the development contract dated June 8, 1987, Scherber,
Bonine, Scherber Partnership, a Minnesota General Partnership, developer of Pine Ridge
at Bass Lake Addition (86147), 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:
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
(See Grading Permit No. 10752)
Street Signs
Site Grading and Drainage Improvements
(See Grading Permit No. 10752)
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 33,355
$ -0-
36,942
-0-
34,946
-0-
25,436
-0-
5,600
-0-
--0-
-0-
300
-0-
-0-
-0-
2,340
16.670
-0-
-0-
$ 155,589
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $1,568 to $0 (zero) 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:
ITEM ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning* Cash:
Letter of Credit:
*See Grading Permit No. 10752
Adopted by the City Council on May 17, 1993.
$-0- $-0-
$-0- $-0-
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