HomeMy WebLinkAboutCity Council Resolution 1978-341�ITY 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 , 19 78. The following members were
present: 1 ...0 prc Hoyt � Na i l e - cci hni d and gpaeth
The follow ng members weve absent: Nnna
Councilmember Seibold introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78-341
REDUCING DEVELOPMENT BOND
SEVEN PONDS EAST ADDITION (A-232)
WHEREAS, in accordance with the Development Contract, dated September 19, 1977,
Lundgren Bros. Construction, Inc., developer of Seven Ponds East Addition (A-232),
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, RE 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
$58,430.00
$58,430.00
Sanitary Sewer System
48,346.00
4,835.00
Watermain System
53,360.00
5,336.00
Storm Sewer System
15,410.00
1,541.00
Blvd. & Drainage Swale Sed
5,800.00
5,800.00
Ponds or Ditch Construction
0.00
0.00
Street Signs
900.00
900.00
Street Sweeping & Storm
Sewer Cleaning
3,000.00
3,000.00
Park Improvements
0.00
0.00
Maintenance of Erosion
Control Plan
2,500.00
2,500.00
Grading Site
28,980.00
15,000.00
TOTAL:
$216,726.00
$97,342.00
That the Letter of Credit be reduced to $97,342.00 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 vo n avor thereof; Mayor Hunt, Councilmembers Hoyt, Neils,
Seibold and S aeth
following vo against or abstained-- one
Whereupon the Resolution was declared duly pa%sed and adopted.