HomeMy WebLinkAboutCity Council Resolution 1990-693CITY" 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 15th day of October ,
1990. The following members were present: Mayor Bergman, Councilmemherc HP11iWP11� ,
Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Ricker introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-693
REDUCING DEVELOPMENT BOND
TYRELL FIFTH ADDITION (87029)
WHEREAS, in accordance with the development contract dated October 14, 1987, Hans Hagen
Homes, Inc. developer of Tyrell Fifth Addition (87029), 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 (See Punch List Dated 8/2/90) $ 41,950
Sanitary Sewer -0-
Watermain -0-
Storm Sewer -0-
Boulevard and Drainage Swale Sod 5,800
Pond or Ditch Construction -0-
Street Signs 300
Site Grading and Drainage Improvements 20,000
Park and Trail Improvements -0-
Design, Administration, Inspection, As-Builts 8,166
TOTAL
$ 1,000
-0-
-0-
-0-
1,000
-0-
-0-
-0-
-0-
240
$ 76,216 $ 2,240
That the letter of credit required for the above items be reduced as detailed above
from $4,480 to $2,240 to reflect the completed work.
Resolution No. 90-693
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:
I
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
$1,000 $1,000
$11,400 $5,700
FURTHER BE IT RESOLVED that the guarantee requirement for maintenance of erosion and
sediment control plan street sweeping and storm sewer cleaning shall remain at $1,000
cash and Letter of Credit No. SB5758 remain at $5,700 until the silt from Lanewood Lane
in the storm sewer and ditch south of 45th Avenue has been cleaned out.
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. Councilmpmhprs Hpttiwell._2Lcs, —,
Vasiliou, and Zitur
The following voted against or abstained: Nang,
Whereupon the Resolution was declared duly passed and adopted.