HomeMy WebLinkAboutCity Council Resolution 1974-512CITY Or PL1,CJTF�
Pursuant to tail and notice, thereof, a regular meeting of the Ci!;
Counc l of t! a City of Ply+:outh. i�irn soca, wzs he c.- %he 21st day co
actober , lg 74 The follc::ing r,.er1ers were rresen�or
Hilde, Councilmen Hunt, Neils. Seibold and Spaeth
-The io ring 72..L;ers t:_re aLsenr_:^ none _•
Councilman Seibold introduced the follcwing P.esoluticn and novel
is a4opticn: RESOLUTION NO. 74-512
BOND REDUCTION FOR WOOD CREEK ADDITION
WHEREAS, Lundgren Brothers Construction, Inc., ad Developer, have platted Wood Creek
Addition and therein ded;cated certain streets, and pursuant to certain provisions of City
Ordinances and Development Contract No. A-305 dated May 7, 1973. have undertaken to construct
certain streets within said plat as follows:
Streets
I. 34th Avenue North from East Medicine Lake Road to Saratoga Lane.
2. Wellington Lane south of 34th Avenue North.
3. 33rd Avenue North west from Saratoga Lane.
4. Saratoga Lane south from 34th Avenue North.
WHEREAS, Lundgren Brothers Construction, Inc., as Developer, have filedand-also made their
&quest for approval and final acceptance of said streets by the City of Plymouth, and,
WHEREAS, The City Engineer has examined and inspected said utilities and certifies that
they Mete constructed in accordance with all -City requirements and recommends acceptance
of same by the City, and
WHEREAS, in accordance with the Development Contract No. A-305 dated May 7, 1973, the
Developer and the surety on his bond will continue to be responsible for any defects in the
work, latent or otherwise, for a period of one year from and after the date of acceptance
by the City,
NOW, THERLFORE, BE IT HEREBY RESOLVED -BY THE CITY COUNCIL OF THE CIT'' OF PLYMOUTH, MINNESOTA
that the streets heretofore described for the Wood Creek Addition, b, and are hereby accepted
by the City of Plymouth as City streets and the Developer and the sur,ty on his bond will
continue to be responsible for any defects in the work, latent or othc wise, for a period of
one year from and after the date of this resolution as provided for in the Development
Contract No. A-305 dpted May 7, 1973.
BE IT FURTHER RESOLVED that the development bond be reduced to reflect the completed street
construction as follows:
Oescrtption Present -Amount Completed Work Work Remainin
Street & Sidewalk Const. -Street
Grading $10,725.00
blvd. and Drain Swale Sod $ 5,315.00
nd - Ditch Const. Outlot C&D $ 3,000.00
Street Signs $ 90.00
Street Sweeping $ 500.00
Park Improvements Outlot A&B 1,500.00
21,130.00
Bond Amount @ 150% $31,695.00
$10,725.00
-0-
-0-
$ 5,315.00
-0-
$ 9e.QO
$ 3,000.00
$ -0-
-0-
$ 500.00
0;8
$15,473.00-- ....
Resolution No. 74-512
Page Two
BE IT FURTHER RESOLVED that the Development Bond (The Traveler's Indemnity Company,
Bond #904A4518) for Wood Creek Addition is hereby reduced from $31,695.00 to
reflect the completed work to $15,473.00.
The motion for the adopt?o,-i of the foregoing resolution was duly seconded by
Councilman Spaeth, and upon vote being taken thereon, the following voted in
favor thereof: Acting Mayor Hunt, Councilmen Neils, Seibold and Spaeth. The
following voted against or abstained: none. (Mayor Hilde had left the meeting.)
Whereupon the resolution was declared duly passed and adopted.