HomeMy WebLinkAboutCity Council Resolution 1977-708LJ
CITY OF PLYMDM
Pursuant to due call and notice thereof, aire ulaarr meeting of the City
Council of the City of Plymouth, Minnesota, was held on the' 5th day of
December , 19_Z7 . The following members were present:
Maxpr Hjlde. (quncilmen Hunt. Neils. Seibold and Soae&b
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Were absent: Nnna
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t)minHunt introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 77-708
REDUCING DEVELOPMENT BOND
CIMARRON PONDS 2ND ADDITION (A-208)
WHEREAS, in accordance with the Development Contract, dated August 15, 1977,
Centurion Company, developer of the Cimarron Ponds 2nd Addition (A-208), have
agreed to install certain improvements for said development and,
WHEREAS, the developer has completed a portion of these improvements and has
requested a reduction in the bond to reflect the completed improvements,
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the bond for the improvements shown in the Development Contract
for Cimarron Ponds 2nd Addition are reduced as follows:
ITEM
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$41,100.00
$ 9,683.00
Sanitary Sewer
77,190.00
0.00
Watermain
75,840.00
0.00
Storm Sewer
19,650.00
0.00
Boulevard Sod
4,850.00
4,850.00
Street Signs
1,200.00
1,200.00
Street Sweeping and
Cleaning
5,000.00
5,000.00
Private Street
Construction with
Driveways
80,830.00
55,773.00
Landscaping and
Interior Trails
4,000.00
4,000.00
Site Grading
28,400.00
1,420.00
TOTALS:
$339,060.00
$81,926.00
Resolution. i 77- 708
Page 2
That the Letter of Credit be reduced to $81,926.00 to reflect the completed
streets and utilities.
The motion for the adoption of the foregoing Resolution was duly seconded
by Councilman Neils and upon vote being taken thereon, the
fol ow3.ng vot 3n avor ereo : Mayor Hilde. Councilmen Hunt. Neils.
Seibold and Spaeth
The followng voted against or abstained:
Whereupon the Resolution was declared duly passedrEO adopted.
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