HomeMy WebLinkAboutCity Council Resolution 1990-014CITY OF PLYMOUTH
ioPursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth. Minnesota was held on the _ 2nd day of January
1990. The following members were present: Mayor Bergman, Councilmembers
Helliwell, Ricker, Vasiliou and Zitur
The following members were absent: None
vouncilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90- 14
REDUCING DEVELOPMENT BOND
TYRELL FIFTH ADDITION (87029)
WHEREAS, in accordance with the development contract dated October 14, 1987, Hans Hagen
Homes, Inc. developer of Tyrell Fifth Addition (87r?9), 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;
10 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 $ 41,950 $ 5,000
Sanitary Sewer -0- -0-
Watermain -0- -0-
Storm Sewer -0- -0-
Boulevard and Drainage Swale Sod 5,800 3,800
Pond or Ditch Construction -0- -0-
Street Signs 300 -0-
Site Grading and Drainage Improvements 20,000 2,000
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 8,166 1,296
TOTAL
$ 76,2.16 $ 12,096
That the Letter of Credit No. 5759 required for the above items be reduced as detailed
above from $37,856 to $12,096 to reflect the completed work.
Resolution No. 90- 14
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
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $1,000
Letter of Credit: $11,400 $5,700
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Vasiliou , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, Councilmembers Helliwp li_ Ricker, Vasiliou and -zit -jig
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.