HomeMy WebLinkAboutCity Council Resolution 1990-827CITY 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 17t day of December
1990. The following members were present: Mayor Bergman, Counci.lmembers Helliwell
Ricker, Vasiliou, and Zitur '
The following members were absent: None
Councilmember Vasiliou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 90-827
REDUCING DEVELOPMENT BOND
TYRELL NINTH ADDITION (89015)
WHEREAS, in accordance with the development contract dated April 3, 1989, Hans Hagen
Homes, developer of Tyrell Ninth Addition (89015), 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 (excluding Proj. 506,
Schmidt Lake Road)
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
$ 25,520
$ -0-
15,048
-0-
14,206
-0-
-0-
-0-
2,400
-0-
-0-
-0-
150
-0-
11,400
-0-
-0-
-0-
8.247
0-
$ 76,971
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $224 to $0 (zero) to reflect the completed work. Letter of Credit No. SB 8261 is
reduced accordingly and can be released.
TYRELL NINTH ADDITION (89015)
Resolution No. 90- 827
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
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash: $1,000 $1,000
Letter of Credit: $7,800 $_0_
FURTHER BE IT RESOLVED that the required financial guarantee for Maintenance of Erosion
and Sediment Control Plan, street sweeping and storm sewer cleaning remains at $1,000
cash until the 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
Colmcilmember Zitur , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Bergman, Councilmembers Relliwell, Ricker, Vasiliou,
and 7i=
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.