HomeMy WebLinkAboutCity Council Resolution 1990-565CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regyll ar ` meeting of the City Council of
the City of Plymouth, Minnesota was held on the 10th day of _ September ,
1990. The following members were present: M"Xnr. Bergman, Councilmembers Helliwell ,
Ricker_ Vasiliou. and Zitur
The following members were absent: None
Councilmember Zitur
adoption:
introduced the following Resolution and moved its
RESOLUTION NO. 90- 565
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;
.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
$ 11,253
$ -0-
16,547
-0-
13,154
-0-
4,714
-0-
3,600
-0-
-0-
-0-
150
-0-
9,675
-0-
-0-
7,091
-0-
— 0
$ 66,184
$ -0-
That the letter of credit required for the above items was previously reduced as
detailed above from $3,304 to $0 (zero) to reflect the completed work.
Letter of Credit No. 4573 was previously released on September 11, 1989.
Resolution No. 90-565
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 $-0-
Letter of Credit: $6,260 $-0-
FURTHER BE IT RESOLVED that the proect has been completed and the $1,000 cash deposit
is hereby released and Letter of Credit No. 4572 is hereby reduced from $4,000 to $0
(zero) and is hereby released.
The motion for the adoption of the foregoing Resolution was duly seconded by
Counr_ilmember Vasiliou , and upon vote being taken therecn, the following voted
in favor thereof: Mayor Bergman. Councilmemberc Helljwpll_ Ricker. ,
Vasiliou and Zitur
The following voted against or abstained: Nnnc-
Whereupon the Resolution was declared duly passed and adopted.