HomeMy WebLinkAboutCity Council Resolution 1978-017•
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Pursuant to due call and notice thereof, arhe 1 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:
Mayor Hunt, CounE Tmembers Hoyt, Neils, Seibold and Spaeth
were
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Councilmember Spaeth introduced the following Resolution and moved
is tion:
RESOLUTION NO. 78-17
REDUCING DEVELOPMENT BOND
MISSION RIDGE 3RD ADDITION (A-338)
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WHEREAS, in accordance with the Development Contract, dated August 23, 1976,
Lundgren Brothers Construction Company, developer of Mission Ridge 3rd 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
$26,450.00
$ 2,645.00
Sanitary Sewer
58,060.00
0.00
Watermain
19,550.00
0.00
Storm Sewer
10,700.00
0.00
Boulevard Sod
6,450.00
6,450.00
Street Signs
450.00
0.00
Street Sweeping &
Storm Sewer Cleaning
1,000.00
11000.00
Site Grading
11,500.00
5,750.00
TOTALS: Letter of Credit
$134,160.00
$15,845.00
That the Letter of Credit be reduced to $15,845.00 to reflect the completed work.
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Resolution N 78-17
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FURTHER BE IT RESOLVED that the sanitary sewer, waterrain and storm suer are
accepted, as of January 9. 1978, for continual maintenance subject to the one
year guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded
by Ceuneil�n6er , and � vote being taken thereon, the
fol�iwing voiea in zawr�Ej��O lRaygr NLmt_ Prun ilmmmbre Hoyt_ Neil; .
Seibold and Soaeth
ine rollowing voted apinst or abstained:
Whereupon the Resolution was declared duly
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