HomeMy WebLinkAboutCity Council Resolution 1978-343ITY OF PLYMOUTH •
Pursuant to due call and notice thereof, a snecial meeting of
the City Council of the City of Plymouth, M nnei - sOta was held on We
. 12th day of June , 19 78. The following members were
present: Mayor Hunt, Councilmembers Hot Neils Seibold
The following members were absent: None
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Councilmember Seibold introduced the following Resolution and
moved its a opt on:
RESOLUTION NO. 78-343
REDUCING DEVELOPMENT BOND
CEDAR VIEW ESTATES (A-705)
WHEREAS, in accordance with the Development Contract, dated March 27, 1978,
Clifford Otten, developer of Cedar View Estates (A-705), 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
$16,525.00
$16,525.00
Sanitary Sewer
23,780.00
2,000.00
Watermain
9,795.00
11000.00
Storm Sewer
21,565.00
2,000.00
Boulevard Sod
0.00
0.00
Ponds or Ditch Construction
0.00
0.00
Street Signs
150.00
150.00
Street Sweeping
1,000.00
1,000.00
Erosion & Sediment Control
1,000.00
11000.00
TOTALS:
$73,815.00
$23,675.00
That the Letter of Credit be reduced to $23,675.00 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded Couqcilmemband upon vote being taken thereon. the
ow ng voted In favor t ereo : Mayor Hunt Councilmembers Hoyt, Neils_
Seibold and Saaeth ______..__.__•
rhe To rowing voted against or adstatnea;
Whereupon the Resolution was declared duly pa%Sed and a op e