HomeMy WebLinkAboutCity Council Resolution 1974-1660
CITY OF PLYMOUTH
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Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota, was held on the 18th day of
March, 1974. The following members were present: Acting Mayor Hunt, Council-
men Neils and Seibold. The following members were absent: Mayor Hilde and
Councilman Spaeth.
Councilman Neils introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 74-166
WOOD CREEK ADDITION - BOND REDUCTION
WHEREAS, Lundgren Brothers Construction, Inc., as Developer, have
platted the Wood Creek Addition and therein dedicated certain streets
and pursuant to certain provisions by City Ordinances and Development
Contract No. A-305 dated May 7, 1973, have undertaken to construct
certain streets and utilities within said plat, and
WFEREAS, in a previous action by the Council, Resolution No. 73-424,
October 15, 1973, the utilities for said plat were accepted by the City,
and
WHEREAS, the Developer has requested that his Development Bond be
reduced to reflect the completed utilities and street construction (only
surfacing remains), and
WHEREAS, the City Engineer has calculated the following:
Description
Original
Completed
Work
Amount
Work
Remaining
Street & Sidewalk
Construction
-
Streets -
$55,055.00
$ 44,330.00
$ 10,725.00
Grading -
39,400.00
39,400.00
-0-
Sanitary Sewer
50,502.00
50,502.00
-0-
Water Main
54,095.00
54,095.00
-0-
Storm Sewer
24,190.00
24,190.00
-0-
Blvd. & Drain Swale
Sod.
5,315.00
-0-
5,315.00
Pond -Ditch Const.
Outlot C&D
3,000.00
-0-
3,000.00
Street Signs
90.00
-0-
90.00
Street Sweeping
500.00
-0-
500.00
Park Improvements
Outlot A&B
11500.00
-0-
1,500.00
$ 3,645.06
$212,515.00
515.00
Bond Amount @ 150%
350,467.00
31,695.00
Resolution No. 74-166'
Page Two
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PLYMOUTH that the Development Bond (The Traveler's Indemnity Co.,
Bond #904A4518) for Wood Creek Addition is hereby reduced from $350,467.00
to reflect the completed work to $31,695.00.
The motion for the adoption of the foregoing Resolution was duly seconded
by Councilman Seibold, and upon vote being taken thereon, the following voted in
favor thereof: Acting Mayor Hunt, Councilmen Neils and Seibold. The following
voted against or abstained: None. Whereupon the Resolution was declared duly
passed and adopted.