HomeMy WebLinkAboutCity Council Resolution 1978-261LJ
CITY OF PLYMOUTH
W
Pursuant to due call and notice thereof, a regular meetingof the City
Council of the City of Plymouth, Minnesota, was a on t e st day of
May , 19 78 . The following members were present:_
or Hilot- Pihnlri and a eth.___
e o awing mem ers were ibje
a sent: None
Councilman Spaeth introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 78-261
REDUCING DE FLOPKNT BOND
GLEASON NORTH ;ADDITION (A-752)
WHEREAS, in accordance with the Development Contract, dated October 17, 1977,
Maurice McCaffrey, developer of Gleason North 14dition (A-752), 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 NFW AMOUNT
I. Public Improvements
Streets
$ 8,289.00
$
8,28'.00
Sanitary Sewer
$11,675.00
$
3,736.00
Watermain
$ 8,670.00
$
1,523.00
Storm Sewer
$ 7,790.00
$
5,730.00
Sod
$ 21000.00
$
2,000.00
Street Sweeping
$ 11000.00
$'11000.00
Erosion Control
$ 11000.00
$
11000.00
TOTAL:
$40,424.00
$23,278.00
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Resolution k 78-261
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ITEM ORIGINAL AMOUNT NEW AMOUNT
II. Private Improvements
Site Grading $15,128.00 $ 4,732.00
Trails $ 1,850.00 $ 1,850.00
TOTAL: $16,978.00 $ 6,582.00
TOTAL I and II: $57,402.00 $29,860.00
That the Letter of Credit be reduced to $29,860.00 to reflect the completed
work.
The notion for the adoption of the foregoing Resolution was duly seconded
IV Councilmember Neils , and upon vote being taken thereon, the
follWffig voted avor thereUT: Mayor Hunt, Councilmembers Hoyt, Neils,
2libol-dand Sgaelh
ane following voiea a#amsr or anstalnea: None
Whereupon the Resolut on was declared duly passed and adopted.
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