HomeMy WebLinkAboutCity Council Resolution 1978-015W
CITY OF PLYMOUTH
L-A
Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota, was held on the 9th day of
January , 19 78. The following members were present:
s*:
Councilmember Spaeth introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 78-15
REDUCING DEVELOPMENT BOND
MISSION RIDGE ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated June 3, 1975, Lundgren
Brothers Construction Company, developer of Mission Ridge Addition (A-338), have
agreed to install certain improvements for said development, and
WHEREAS, the Developer has completed a portion of the street, utility and site
grading 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
$70,485.00
$ 0.00
Sanitary Sewer
66,345.00
0.00
Watermain
45,336.00
0.00
Storm Sewer
21,392.00
0.00
Boulevard Sod, Outlot "A"
10,000.00
1,100.00
Street Signs
375.00
0.00
Street Sweeping
1,000.00
1,000.00
Site Grading
16,060.00
0.00
TOTALS: Letter of Credit
$239,993.00
$ 2,100.00
That the Letter of Credit be reduced to $2,100.00 to reflect the completed work.
0 •
Resolution #78-15
Page 2
AND, FURTHER BE IT RESOLVED that street, sanitary sewer, watermain and storm sewer
construction be accepted, as of January 9, 1978, for continual maintenance by the
City subject to the one year maintenance guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded
by Councilmember Seibold , and upon vote being taken thereon, the
following vot ut avor ereo : Mayor Hunt Councilmembevs Hoyt Neils,
e owing voted against or abstained:
Whereupon the Resolution was declared duly pas§peand adopted.