HomeMy WebLinkAboutCity Council Resolution 1989-536CITY OF PLYMOUTH
1W 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
Sicker , 7.i r»r and Gi sk
The following members were absent: None
Cmineilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-536
REDUCING DEVELOPMENT BOND
TYRELL THIRD ADDITION (86081)
WHEREAS, in accordance with the development contract dated August 18, 1986, Hans Hagen
Homes, Inc., developer of Tyrell rhi.rd Addition (86081), 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 $ 11,253 $ -0-
Sanitary Sewer 16,547 -0-
Watermain 13,154 -0-
Storm Sewer 4,714 -0-
Boulevard and Drainage Swale Sod 3,600 -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 7,091 -0-
TOTAL
$ 66,184 $ -0-
That the letter of credit required for the above items be reduced as detailed above
from $3,304 to $0 (zero) to reflect the completed work.
Letter of Credit No. 4573 is hereby released.
Resolution No. 89- 536
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: $6,260 $1,000
FURTHER BE IT RESOLVED that the $1,000 cash deposit remains the same and Letter of
Credit No. 4572 is hereby reduced from $3,130 to $1,000.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Zittir , and upon vote being taken thereon, the following voted
in favor thereof: Maynr Srhneider, rouncilmembers Vasilinn- Rirkpr- 7itur. Znd
Sisk
The following voted against or abstained: \'one
Whereupon the Resolution was declared duly passed and adopted.