HomeMy WebLinkAboutCity Council Resolution 1978-342ITY 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:
The following members were absent: Nnnp
Councilintroduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78-342
REDUCING DEVELOPMENT BOND
SHILOH II ADDITION (A-331)
WHEPEAS, in accordance with the Development Contract, dated April 11, 1977, Lundgren
Bros. Construction, Inc., developer of Shiloh II Addition (A-331), 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
$113,500.00
$34,000.00
Sanitary Sewer System
111,200.00
5,000.00
Watermain System
74,300.00
7,500.00
Storm Sewer System
19,400.00
2,000.00
Blvd. & Drainage Swale Sod
10,500.00
10,500.00
Pond or Ditch Construction
5,000.00
2,500.00
Street Signs
900.00
900.00
Street Sweeping
11000.00
11000.00
Park Improvements
0.00
0.00
Maintenance of Erosion Plan
51000.00
5,000.00
Site Grading
57,900.00
29,000.00
TOTALS: $398__ 700.00 $97,400.00
That the Letter of Credit be reduced to $97,400.00 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
o .ow ng vote n favor t ereo : Mayor Hunt. Councilmemhers Hnyt_ Neils_
Seibold and Spaeth
me following votea against or anst4lnea;
Whereupon the Resolution was declared dulyS -c?—an a op e .