HomeMy WebLinkAboutCity Council Resolution 1989-539CITY OF PLYMOUTH
I!` 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
RiCkPr. Zi.tur and Sisk
The following members were absent: None
C.nj%nnilmamhar Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-539
REDUCING DEVELOPMENT BOND
TYRELL SIXTH ADDITION (87105)
WHEREAS, in accordance with the development contract dated September 16, 1987, ;cans
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:
Street Construction
$ 22,340
$ 13,000
Sanitary Sewer
14,037
1,404
Watermain
14,545
1,456
Storm Sewer
10,562
1,056
Boulevard and Drainage Swale Sod
2,600
2,600
Pond or Ditch Construction
-0-
-0-
Street Signs
150
150
Site Grading and Drainage Improvements
10,000
5,000
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts
8,908
2.960
TOTAL
$ 83,142 $ 27,626
That the letter of credit required for the above items be reduced as detailed above
from $83,142 to $27,626 to reflect the completed work.
Resolution No. 89- 539
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
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm
Sewer Cleaning Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$1,000 $1,000
$5,887 $5,887
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: MayorRR h�a Cnnnrilmemha=,g 114,1,iou, Rirkpr- 71tyir ,
and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.