HomeMy WebLinkAboutCity Council Resolution 1978-182&ITY OF PLYMOUTH •
Pursuant to due call and notice thereof, a _special greeting of
the City Council of the City of Plymouth. Minnesota was heldon the
27th day of March 19_M. The following members were
present:
rs
The follow ng me ewere a sent: ers Councilmember!Neils and Seibold
Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78-182
REDUCING DEVELOPMENT BOND
PALMER CREEK ESTATES 3RD ADDITION
(A-667)
WHEREAS, in accordance with the Development Contract, dated March 6, 1978, Arnold
Palmer, developer of Palmer Creek Estates (A-667), has 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 HEREBY 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
$27,300.00
$27,300.00
Sanitary Sewer
16,417.00
1,600.00
Watermain
15,505.00
1.500.00
Storm Sewer
2,827.00
280.00
Boulevard Sod
4,000.00
4,000.00
Street Signs
300.00
300.00
Street Sweeping & Storm
Sewer Cleaning
11000.00
1.000.00
Erosion Control
11000.00
1.000.00
Site Grading
10,000.00
0.00
TOTALS:
$78,349.00
$36.980.0s'
That the Letter of Credit be reduced to $36,980.00 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Hoyt , o and upon vote being taken thereon. the
ow ng Yo n favor thereof: : Mayor Hunt, Councilmembers Hoyt and
Spaeth
The following vote against or a s a ne ; None
Whereupon the Resolution was declared duly pmed and adopted.