HomeMy WebLinkAboutCity Council Resolution 1978-014MW
CITY OF PLYMOUTH
1W
Pursuant to dun call and notice thereof, a re ular meeting of the City
Council of the City of Plymouth, Minnesota, was held on the 9th day of
JanuaU , 1977 • The following members were present:
—'Flag or—mount, council—members Hoyt, Neilsy Seibold and Spaeth
owing members were sent: None
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Councilmember Spaeth introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 78-14
REDUCING DEVELOPMENT BOND
SCHMIDT LAKE WOODS ADDITION (A-681)
WHEREAS, in accordance with the Development Contract, dated June 6, 1977,
Enterprise Properties, developer of Schmidt Lake Woods Addition (A-681), have
agreed to install certain improvements for said development, and
WHEREAS, the Developer has completed a portion of the improvements as noted
below, and
WHEREAS, the Developer has requested a reduction of the Development Bond to
reflect the completed work,
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the bonding requirements are reduced as follows:
ITEM
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$77,404.00
$52,404.00
Sanitary Sewer
66,568.00
0.00
Watermain
49,255.00
0.00
Storm Sewer
18,450.00
0.00
Boulevard Sod
15,000.00
15,000.00 '
Ponds or Ditch Construction
3,500.00
3,500.00
Street Signs
500.00
500.00
Street Sweeping & Storm
Sewer Cleaning
2,000.00
2,000.00
Erosion Control
3,000.00
3,000.00
Site Grading
29,500.00
0.00
TOTALS:
$265,177.00
$76,404.00
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Resolution 0 78- 14
Page 2
That the Letter of Credit be reduced to $76,404.00 to reflect the completed work.
AND, FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer
are hereby accepted, as of January 9, 1978, for continual maintenance subject
to the one year maintenance quarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded
by WuncilMmber Seibold , and upon vote being taken thereon, the
fol owing voted in favor thereoFT Mayor Hunt, Councilmembers Hoyt, Neils,
Seibold and Saaeth
The following voted against or abstained: None
Whereupon the Resolution was declared duly pass pt .