HomeMy WebLinkAboutCity Council Resolution 1976-161i
CITY OF PLYMOUTH
Pursuant to due call and notice thereof, aSu meeting of the City
Council of the City of Plymouth, Minnesota, was a on the 22nd day of
March , 19 76 . The following members were present:
ng
Councilman Hunt introduced the following Resolution and moved
Its adoption:
RESOLUTION NO. 76-161
REDUuING BOND
BASS LAKE PLAZA ADDITION - FILE A-449
WHEREAS, M.G. Astleford, as developer, has platted the Bass Lake Plaza Addition
and therein dedicated certain street-- and pursuant to certain provisions of the
City Ordinances and Development Contract No. A-449, dated December 31, 1973 have
undertaken to construct certain streets and utilities within said plat, and
WHEREAS, the developer has requested the City to accept said utilities and streets
within said plat, and
WHEREAS, the developer has requested that his development bond be reduced to reflect
the completed work, and
WHEREAS, the City Engineer has inspected said streets and utilities,
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA:
1. That the City accept the streets and utilities described above. and
2. That the developer's bond be reduced to reflect the completed work as follows:
Description Original Amount
Street & Sidewalk
$114,620.00
Sanitary Sewer
37,630.00
Water System
36,100.00
Storm Sewer
15,000.00
Blvd. & Drainage Swale
51000.00
Street Signs
150.00
Street Sweeping
$209.00 0�
Completed Work
$ 38,155.00
0.00
0.00
13,000.00
0.00
0.00
0.00
57rsrm
Work Remaining
$ 74,465.00
37,630.00
36,100.00
2,000.00
5,000.00
150.00
500.00
$T57,84"6a
150% x $209,140.00 = $313,710.00 New bond $157,845 x 150% = $236,767.00
BE IT FURTHER RESOLVED that the development bond from the Fidelity & Deposit of
Maryland in the amount of $313,710.00 for the Bass Lake Plaza Addition be reduced
to $236,767.00 to reflect the completed work.
Resolution No. 76-161 March 22, 1976
Page 2
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: Ma or Hilde Councilmen Hunt, Neils Seibold and Spaeth
The following voted against ora staine None.
Whereupon the Resolution was declared duly passed and adopted.