HomeMy WebLinkAboutCity Council Resolution 1978-339�ITY OF PLYMOUTH i
Pursuant to due call and notice thareof, a special meeting of
the City Council of the City of P'!ymouth, Minnesota was held on the
12th day of 19.78-. The following members were
present: Amor Runt, ou-C ncilmembers Hot Neils. Seibold and Snapth
The following me ers were absent: None
Councilmember Seibold introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 784339
REDUCING DEVELOPMENT BOND
CHIPPEWA TRAILS I (A-498)
WHEREAS, in accordance with the Development Contract, dated April 12, 1977, Lundgren
Bros. Construction, Inc., developer of Chippewa Trails I Addition (A-498), 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 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
$29,700.00
$10,000.00
Sanitary Sewer System
20,700.00
4,000.00
Watermain System
17,900.00
1,790.00
Storm Sewer System
16,000.00
1,600.00
Blvd. & Drainage Swale Sod
6,000.00
6,000.00
Pond or Ditch Construction
0.00
0.00
Street Signs
750.00
750.00
Street Sweeping
2,000.00
2,000.00
Park Improvements
0.00
0.00
Site Grading
6,000.00
3,000.00
TOTAL:
$99,050.00
$29,140.00
That the Letter of Credit be reduced to $29,140.00 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 vote n favor thereon, Maynr Hunt, Cnunrilmamharc upy;+,Ngili,
Seibold and Spaeth
Thefollowing voted aainst or abstained; mnna
Whereupon the Resolution was declared duly pasised and adoptid.