HomeMy WebLinkAboutCity Council Resolution 1990-569CITY 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 lurn day of September
1990. The following members were present: Mayor Bergman, Councilmembers Helliwell
Ricker, Vasiliou, and Zitur
The following members were absent: None
CouncilmemberLitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-569
REDUCING DEVELOPMENT BOND
TYRELL EIGHTH ADDITION (88136)
WHEREAS, in accordance with the development contract dated December 21, 1988, Hans
Hagen Homes, Inc., developer of Tyrell Eighth Addition (88136), 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,
10 MINNESOTA; that the bonding requirements are reduced as follows:
��'
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch 'onstruction
Street Signs
Site Gradi•�; and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 74,306
$ 10,000
11,639
1,164
16,109
1,611
-0-
-0-
3,200
800
-0-
-0-
300
300
22,000
4,400
7,569
16-21
1,514
_2.3Z5
$ 151,337
S 22,164
That the letter of credit required for the above items be reduced as detailed above
from $39,025 to $22,164 to reflect the completed work.
Resolution No. 90-569
Page Two
10 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
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$1,000 $1,000
$10,200 $2,550
The motion for the adoption of the foregoing Resolution was duly seconded by
Cnnncilmpmher Zitur _ , and upon vote being taken thereon, the following voted
in favor thereof • Maynr Berman Qu Helliwell. Ricker_ Vasiliou- ,
nd 71 ur
The following voted against or abstained: Non
Whereupon the Resolution was declared duly passed and adopted.