HomeMy WebLinkAboutCity Council Resolution 1991-479CITY 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: Mayor Bergman, Councilmembers Helliwell
and Ricker '
The following members were absent: COUncilmembers Va,,ilinu and 7itur
Councilmember Helliwell introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91-479
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:
WAr
Street Construction
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
$ 74,306
$ -0-
11,639
-0-
16,109
-0-
-0-
-0-
3,200
-0-
-0-
-0-
300
-0-
22,000
-0-
7,569
16.214
-0-
-0-
$ 151,337
$ -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. SB 7826
has been released.
TYRELL EIGHTH ADDITION (88136)
Resolution No. 91-479
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:
YM
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash: $1,000 $-0-
Letter of Credit: $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 is reduced from $1,000
to $0 (zero) and the remaining funds 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 Bergman, Councilmembers Helliwell and Ricker
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.