HomeMy WebLinkAboutCity Council Resolution 1992-611CITY OF PLYMOUTH
RESOLUTION NO. 92-611
REDUCING DEVELOPMENT BOND
HAWTHORNE PLACE ADDITION (90006)
WHEREAS, in accordance with the development contract dated May 30, 1990, Eiden
Construction, Inc., developer of Hawthorne Place Addition (90006), 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:
0
Street Construction (includes 8th Ave. N.)
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
ORIGINAL AMOUNT
$ 24,000
NEW AMOUNT
$ 2,400
14,000
1,400
12,000
1,200
10,000
1,000
2,600
200
-0-
-0-
150
-0-
44,000
-0-
-0-
-0-
$ 119,560 $ 6,944
That the letter of credit required for the above items be reduced as detailed above
from $14,784 to $6,944 to reflect the completed work.
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:
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning
Cash:
Letter of Credit:
Adopted by the City Council on October 5, 1992
$1,000 $1,000
$6,000 $3,000