HomeMy WebLinkAboutCity Council Resolution 1978-340OITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was held on the
12th day of June , 1978 . The following members were
present: Mayor Hunt Councilmembers Hot Neils Seibold and SRaeth
The following members were absent: po-
Councilmember Seibold introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78-340
REDUCING DEVELOPMENT BOND
SCHMIDT LAKE ESTATES ADDITION (A-647)
WHEREAS, in accordance with the Development Contract, dated April 12, 1977, Lundgren
Bros. Construction, Inc., developer of Schmidt Lake Estates Addition (A-647), 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 tG 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
$42,600.00
$10,650.00
Sanitary Sewer
36,500.00
0.00
Watermain
35,500.00
1,000.00
Storm Sewer
24,000.00
0.00
Boulevard & Drainage
Swale Sod
12,500.00
12,500.00
Pond or Ditch Construction
0.00
0.00
Street Signs
750.00
750.00
Street Sweeping & Storm
Sewer Cleaning
2,000.00
2,000.00
Park Improvements
0.00
0.00
Site Grading
18,960.00
91000.00
TOTALS:
$172,810.00
$35,900.00
Thet the Letter of Credit be reduced to $35,900.00 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 voted n favor thereof: Mavor Hunt, Councilmembers Hnvt_ NPilc_
Seib ld and
T he0llowing voted against or abstained,
Whereupon the Resolution was declared duly passed and adopt .