HomeMy WebLinkAboutCity Council Resolution 1978-13810
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CITY OF PLYMOUTH
Pursuant to due call and notice thereof, aregular meeting of the City
Council of the City of Plymouth, Minnesota, was held on the 20th day
of ___March 19 78 . The following me.nbers were present:
ng memoers were aosent:
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Councilmember Spaeth introduced the following Resolution and
moved is adoption:
RESOLUTION NO. 78-138
REDUCING DEVELOPMENT BOND
FERNDALE NORTH 2ND ADDITION
A-615
WHEREAS, in accordance with the Development Contract, dated March 7, 1977, Lundgren
Bros. Construction, Inc., developer of Ferndale North 2nd Addition (A-615), 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
$ 28,824.00
$14,000.00
Sanitary Sewer
33,658.00
2,000.00
Watermain
31,055.00
2,000.00
Storm Sewer
13,981.00
11000.00
Boulevard Sod
4,800.00
4,800.00
Ponds or Ditch Construction
0.00
0.00
Street Signs
150.00
150 00
Street Sweeping & Storm
Sewer Cleaning
3,000.00
3,000.00
Parks
20,000.00
20,000.00
Site Grading
12,000.00
6,000.00
TOTALS:
$147,468.00
$52,950.00
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Resolution # 78-138
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That the Letter of Credit be reduced to $52,950.00 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded
by Councilmember Neils , and upon vote being taken thereon the
following
hwt in favor ereo Mayor Hunt, Councilmembers Hoyt, Neils
The foTing—'owing voted against or abstained: None
Whereupon the Resolution was declared duly pass a pt .
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