HomeMy WebLinkAboutCity Council Resolution 1990-826CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a _ reilar meeting of the City Council of
the City of Plymouth, Minnesota was held on the
17th day of Ikecnmber
1990. The following members were present: Mayor Berimian, Councilmemhcr5 1elliwell
Ricker_ Xasilioti_ and "itur '
The following members were absent: None
Crninc- iImc-mhe r VasiIiou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-826
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,
MINNESOTA; that the bonding requirements are reduced as follows:
ITEM ORIGINAL AMOUNT NEW - MOM
Street Construction $ 74,306 $ -0-
Sanitary Sewer 11,639 -0-
Watermain 16,109 -0-
Storm Sewer -0- -0-
Boulevard and Drainage Swale Sod 3,200 -0-
Pond or Ditch Construction -0-
Street Signs 300 -0-
Site Grading and Drainage Improvements 22,000 -0-
Park and Trail Improvements 7 569 -0-
Design, Administration, Inspection, As-Builts 16,214 -0-
TOTAL $ 151,337
That the letter of credit required for the above items (No. SB 7826) be reduced as
detailed above from $896 to $0 (zero) to reflect the completed work. Letter of Credit
No. SB 7826 is hereby released.
TYRELL EIGHTH ADDITION (88136)
Resolution No. 90-826
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
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 $-0-
FURTHER BE IT RESOLVED that the $1,000 cash deposit for Maintenance of Erosion and
Sediment Control Plan, street sweeping, and storm sewer cleaning shall be retained
until spring of 1991 when a final reinspection of the project can be completed.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Berizman. Councilmembers Helliwell, Ricker, Vasiliou,
and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.