HomeMy WebLinkAboutCity Council Resolution 1991-478CITY 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 19th day of August ,
1991. The following members were present: Flavor Bergman, Councilmembers Helliwell
,
and Ricker
The following members were absent: CounciI hers Vasiliou and 7itiir
Councilmemher Helliwell introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91-478
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:
7
Street Construction
(*See Punch List Dated 8/2/90)
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
$ 22,340
$ -0-
14,037
-0-
14,545
-0-
10,562
-0-
2,600
-0-
-0-
-0-
150
-0-
10,000
-0-
-0-
8.908
-0-
-0-
$ 83,142
$ -0-
That the letter of credit required for the above items was previously reduced to $0
(zero) as detailed above to reflect the completed work. Letter of Credit No. 6058 has
been released.
TYRELL SIXTH ADDITION (87105)
Resolution No. 91- 478
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:
tki?
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash: $1,000 $-0-
Letter of Credit: $5,887 $-0-
FURTHER BE IT RESOLVED that the cash deposit for Maintenance of Erosion and Sediment
Control Plan, street sweeping and storm sewer cleaning is reduced from $1,000 to $0
(zero) and the remaining funis can be returned to the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Ricker , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Berg=. Comcilmembers Helliwell and Rir•ker ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
y�