HomeMy WebLinkAboutCity Council Resolution 1989-541CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota was held on the llr,h day of September .,
1989, The following members were present: Kayo Schneider, Councilmembers Vasiliou ,
V akar, 7-1, - eq -
The following members were absent: Nene
Cnuncilowbatir Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-541
REDUCING DEVELOPMENT BOND
TYRELL EIGHTH ADDITION (88136)
WHEREAS, in accordance with the development contract dated December 21, 1988, Hans
Hagen Homes, Inc., developer of Tyrell Eighth Addition (88136), 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 $ 74,306 $ 10,000
Sanitary Sewer 11,639 1,164
Watermain 16,109 1,611
Storm Sewer -0- -0-
Boulevard and Drainage Swale Sod 3,200 3,200
Pond or Ditch Construction -0- -0-
Street Signs 300 300
Site Gradin` and Drainage Improvements 22,000 11,000
Park and Trail improvements 7,569 7,569
Design, Administration, Inspection, As-Builts Ib -211 ,4181
TOTAL
$ 151,337 $ 39,025
That the letter of credit required for the above items be reduced as detailed above
from $151,337 to $39,025 to reflect the completed work.
Resolution No. 89- 541
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
Sever Cleaning Cash:
Letter of Credit:
ORIGINAL AMOUNT NEW AMOUNT
$1,000 $1,000
$10,200 $10,200
The notion 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.