HomeMy WebLinkAboutCity Council Resolution 1990-568CITY 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
Helliwell, Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90- 568
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 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:
r Q�
Street Construction (See Punch List Dated 8/2/90) $ 22,340
Sanitary Sewer 14,037
Watermain 14,545
Storm Sewer 10,562
Boulevard and Drainage Swale Sod 2,600
Pond or Ditch Construction -0-
Street Signs 150
Site Grading and Drainage Improvements 10,000
Park and Trail Improvements -0-
Design, Administration, Inspection, As-Builts 8.908
TOTAL
$ 2,600
1,404
1,456
1,056
200
-0-
-0-
2,300
-0-
1-082
$ 83,142 $ 10,098
That the letter of credit required for the above items be reduced as detailed above
from $23,762 to $10,098 to reflect the completed work.
Resolution 10. 90-568
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:
R
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
1 ;,411 N 1
$1,000 $1,000
$5,887 $5,887
The motion for the adoption of the foregoing Resolution was duly seconded by
Cnunr_ilmemhpr Vasct7tn„ , 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.