HomeMy WebLinkAboutCity Council Resolution 1978-140CITY OF PLYMOUTH
Pursuant to due call and notice thereof, arhe ula_r 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:
owing members were absent:
.rtt
r SeIDo
Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78-140
REDUCING DEVELOPMENT BOND
MIDDLEMIST 3RD ADDITION
A-718
WHEREAS, in accordance with the Development Contract, dated August 15, 1977,
Middlemist, Inc., developer of Middlemist 3rd Addition (A-718), 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
$ 35,106.25
$10,000.00
Sanitary Sewer
14,464.45
0.00
Watermain
18,853.00
0.00
Storm Sewer
22,748.00
0.00
Boulevard Sod
2,400.00
2,400.00
Ponds or Ditch Construction
0.00
0.00
Street Signs
300.00
300.00
Street Sweeping & Storm
Sewer Cleaning
1,000.00
1,000.00
Erosion Control
1,000.00
1,000.00
TOTALS:
$ 95,871.70
$14,700.00
Resolution i 78-140
Page 2
That the Letter of Credit be reduced to $14,700.00 to reflect the completed work.
The notion for the adoption of the foregoing Resolution was duly seconded
by Councilmember Neils and upon vote being taken thereon, the
fol owing voted an favor thereof: Mayor Hunt, Councilmembers Hoyt, Neils
and Spaeth
Me g voteed against or sta • None
Whereupon the Resolution was declared duly pass adopted.
•�w •ie ae*