HomeMy WebLinkAboutCity Council Resolution 1989-540CITY OF PLYMOUTH
qW 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. 89-540
REDUCING DEVELOPMENT BOND
TYRELL SEVENTH ADDITION (88072)
WHEREAS, in iccordance with the development contract dated July 18, 1988, Hans Hagen
Homes, Inc., developer of Tyrell Seventh Addition (88072), 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 $ 44,930 $ 12,500
Sanitary Sewer 26,534 2,653
Watermain 27,028 2,703
Storm Sewer 7,327 733
Boulevard and Drainage Swale Sod 4,200 4,200
Pond or Ditch Construction -0- -0-
Street Signs 150 150
Site Grading and Drainage Improvements (grading permit issued previously)
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 13.220 2,753
TOTAL
$ 123,389 $ 25,692
That the letter of credit required for the above items be reduced as detailed above
from $123,389 to $25,692 to reflect the completed work.
Resolution No. 89-540
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
Sever Cleaning (See grading permit
issued previously)
Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
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, Zitur and Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted. '