HomeMy WebLinkAboutCity Council Resolution 1988-105CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City Council of
the City of Plymouth, Minnesota was held on the 13th day of February ,
1988. The following members were present: Mayor Schneider. Councilmembers Vasiliou ,
Ricker, Zitur and Sisk
The following members were absent: None
r.m myi1mnmhPr 7itiir introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-105
REDUCING DEVELOPMENT BOND
TYRELL THIRD ADDITION (86081)
WHEREAS, in accordance with the development contract dated August 18, 1986, Hans Hagen
Homes, Inc., developer of Tyrell Third Addition (86081), 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;
0 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 $ 11,253 $ -0-
Sanitary Sewer 16,547 -0-
Watermain 13,154 -0-
Storm Sewer 4,714 -0-
Boulevard and Drainage Swale Sod 3,600 1,800
Pond or Ditch Construction -0- -0-
Street Signs 150 150
Site Grading and Drainage Improvements 9,675 1,000
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 7-091 354
TOTAL $ 66,184 $ 3,304
That the letter of credit required for the above items be reduced as detailed above
from $66,184 to $3,304 to reflect the completed work.
Resolution No. 88-105
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:
0
Maintenance of Erosion
and Sediment Control plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $1,000
Letter of Credit: $6,260 $3,130
FURTHER BE IT RESOLVED that the sanitary sewer, watermain, storm sewer, street
construction and concrete curb and gutter is accepted for continual maintenance as of
February 8, 1988, subject to the One Year Guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Cuuticj_lmember Sisk , 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.