HomeMy WebLinkAboutCity Council Resolution 1990-566CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular 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: Mayor Bergman, Councilmembers
Hellite11. Ricker. Vasiliou, and Zitur
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-566
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;
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
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
-0-
-0-
-0-
150
-0-
-0-
-0-
-0-
14.549
-0-
_0_
$ 135,794
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $448 to $0 (zero) to reflect the completed work.
Resolution No. 40- 566
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 Erasion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
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, Ricker, Vasiliou,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.