HomeMy WebLinkAboutCity Council Resolution 1989-542CITY 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 11th day of September ,
1989. The following members were present: Mayor Schneider, Councilmembers Vasiliou ,
Ricker, 2itur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89- 542
REDUCING DEVELOPMENT BOND
TYRELL NINTH ADDITION (89015)
WHEREAS, in accordance with the development contract dated April 3, 1989, Hans Hagen
Homes, developer of Tyrell Ninth Addition (89015), 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 (excluding Proj. 506,
Schmidt Lake Road)
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Parte and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 25,520
$ 6,000
15,048
1,505
14,206
1,421
-0-
-0-
2,400
2,400
-0-
-0-
150
150
11,400
5.700
-0-
8.24 Z
-0-
_2,061
$ 76,971 $ 19,237
That the letter of credit required for the above items be reduced as detailed above
from $76,971 to $19,237 to reflect the completed work.
Resolution No. 89-542
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
$7,800 $7,800
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 Vasilion,Rtakar, 2{rjjr and Rink-
The
iatiThe following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.