HomeMy WebLinkAboutCity Council Resolution 1990-015CITY OF PLYMOUTH
4W Pursuant to due call and notice thereof, a regular meeting of the City Council of
the CitN_ of Plymouth, Minnesota was held on the 2nd day of January ,
1990. Che following members were present: Mayor Bergman, Councilmembers
Helliwell, Ricker, Vasiliou and Zitur
The following members were absent: None
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Councilmember Zitur
adoption
introduced the following Resolution and moved its
RESOLUTION NO. 90-15
REDUCING DEVELOPMENT BOND
TYRELL SIXTH ADDITION (87105)
WHEREAS, in accordance with the development contract dated September 16, 1987, Hans
Hagen Homes, Inc., developer of Tyrell Sixth Addition (87105), 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 !:o 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 $ 22,340 $ 13,000
SanitatY Sewer 14,037 1,404
Watermain 14,545 1,456
Storm Sewer 10,562 1,056
Boulevard and Drainage Swale Sod 2,600 2,000
Pond or Ditch Construction -0- -0-
Street Signs 150 -0-
Site Grading and Drainage Improvements 10,000 2,300
Park and Trail Improvements -0- -0-
Design, Administration, Irspection, As-Builts 8.90 2,546
TOTAL
$ 83,142 $ 23,762
That t:.e letter of credit required (No. 6058) for the above items be reduced as
detailed above from $27,626 to $23,762 to reflect the completed work.
Resolution No. 90-15
Page Two
40 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: $5,887 $5,887
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 Helliwell. RirkPr. Vasilimi ,
and Zitur
The following vcted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.