HomeMy WebLinkAboutCity Council Resolution 1977-679CITY OF PLYlrDU i
Pursuant to due call and notice thereof, a rea�� meeting of the City
Council of the City of Plymouth, Minnesota, was hel ond�t a ?1st day of
November , 19 77. The following members were present.
Acting Mayor Hunt, Councilmen Neils, Seibold and Spaejh
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,councilman Neils introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 77-679
REDUCING DEVELOPMENT BOND
AND REIMBURSING DEVELOPER FOR
WATERMAIN OVERSIZING
WESTMINSTER ADDITION (A-117)
WHEREAS, in accordance with the Development Contract, dated June 13, 1977,
B -T Land Company, developer of Westminster Addition (A -file 717), have agreed
to install certain improvements for said development, and
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WHEREAS, the Developer has completed the utility portion of the site grading ar.d
all of the sanitary sewer, watermain, storm sewer improvements and said grading
and utilities have been inspected by the City and found to be in conformance
with the approved pans and specifications for said development, and
WHEREAS, the Developer has requested a reduction of the Development Bond to
reflect the completed utility work and reimbursement for watermain oversizing
(the difference between 8" and 16"),
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the Letter of Credit, dated October 7, 1977, in the amount of
$231,968.00 (Midland National Bank No. LC 2984) is hereby reduced as follows:
ITEM
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$69,878.00
$69,878.00
Sanitary Sewer
$64,356.00
$ 0.00
Watermain
$46,428.00
$ 0.00
Storm Sewer
$ 7,556.00
$ 0.00
Boulevard Sod
$11,000.00
$11,000.00
Ponds
$ 2,000.00
$ 2,000.00
Street Signs
$ 750.00
$ 750.00
Street Sweeping
$ 1,000.00
$ 1,000.00
Erosion Control
$ 11000.00
$ 11000.00
Site Grading
$28,000.00
$14,000.00
TOTALS:
$231,968.00
$99,628.00
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Resolution 0 77-679
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That the Letter of Credit be reduced to $99,628.00 to reflect the completed work,
and
FURTHER BE IT RESOLVED that the Finance Director be directed to reimburse B -T Land
Company $25,349.35 for the difference between 8" and 12"-16" watermain oversizing
per City policy from Account No. 811-811-810.
The motion for the adaption of the foregoing Resolution was duly seconded
by Councilman Spaeth , and upon vote being taken thereon, the
fol owing votea in Favor reo : Acting Mayor Hunt, Councilmen Neils,
r Seibold and Spaeth
e follow3mg voted against or to one
Whereupon the Resolution was declared duly pass a pt .