HomeMy WebLinkAboutCity Council Resolution 1988-106CITY 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 8th day of February
1988. The following members were present: mayor Schneider. Councilmembers Vasiliou
Ri Cki--r,_ Zitur and Sisk
The following members were absent: None
``Council member Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-106
REDUCING DEVELOPMENT BOND
TYRELL FOURTH ADDITION (86107)
WHEREAS, in accordance with the development contract dated October 7, 1987, Hans Hagen
Homes, Inc., developer of Tyrell Fourth Addition (86107), 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
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 71,005
$ -0-
19,329
-0-
17,455
-0-
10,906
-0-
2,400
1,200
-0-
-0-
150
150
-0-
-0-
-0-
14,549
-0-
162
$ 135,794
$ 1,512
That the letter of credit required for the above items be reduced as detailed above
from $135,794 to $1,512 to reflect the completed work.
Resolution No. 88- 106
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: -0 -
Letter of Credit:
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 o: the foregoing Resolution was duly seconded by
Councilmember 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 br abstained: None
Whereupon the Resolution was declared duly passed and adopted.