HomeMy WebLinkAboutCity Council Resolution 1989-535CITY OF PLYMOUTH
S Pursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the 11th day of September
1989. The following members were present: Mayor Schneider, Councilmembers Vasiliou,
Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89- 535
REDUCING DEVELOPMENT BOND
TYRELL FIRST ADDITION (85037)
WHEREAS, in accordance with the development contract dated June 26, 1985, Hans Hagen
Homes, Inc., developer of Tyrell First Addition (85037), 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
$ -0-
$ -0-
Sanitary Sewer
-0-
-0-
Watermain
-0-
-0-
Storm Sewer
-0-
-0-
Boulevard and Drainage Swale Sod
2,000
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
150
-0-
Site Grading and Drainage Improvements
9,675
-0-
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts
1,419
_0_
TOTAL
$ 13,244
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $13,244 to $0 (zero) to reflect the completed work.
Letter of Credit No. 3762 is hereby released.
Resolution No. 89- 535
Page Two
soFURTHER BE IT RESOLVED that the bonding requirements for the following items per
Sectivn 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 $-0-
Letter of Credit: $2,400 $-0-
FURTHER BE IT RESOLVED that the $1,000 cash deposit and Letter of Credit No. 3763 is
hereby released.
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 Schneider, Councilmembers Vasiliou, Ricker, Zirnr and Sisk ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.