HomeMy WebLinkAboutCity Council Resolution 1978-377OCITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was held �othe
19th day of June , 1978 . The following members were
present: Mayor unt, Councilmenibers Hoyt,Neils and SRaeth
The following members were absent: Coocilefter Seibold
Ott ra• **•
Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78-377
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 to reflect
the completed work and that the City accept this work for continual maintenance as
of June 7, 1978,
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA
that the bonding requirements are reduced as follows:
ITEM
PREVIOUS AMOUNT
NEW AMOUNT
Street Construction
$10,650.00
$ 0.00
Sanitary Sewer System
0.00
0.00
Watermain System
0.00
0.00
Storm Sewer System
0.00
0.00
Blvd. & Drainage Swale Sod
12,500.00
12,500.00
Ponds or Ditch Construction
0.00
0.00
Street Signs
750.00
750.00
Street Sweeping & Sto►.
Sewer Cleaning
2,000.00
2,000.00
Park Imp-oveaents
0.00
0.00
Site Grading
91000.00
9,000.00
TOTALS:
$34,900.00
$24,250.00
That the Letter of Credit be reduced to $24,250.00 to reflect the completed work.,
The motion for the adoption of the foregoing Resolution was duly seconded by
and upon vote- being taken thereon, the
fol lowing voted n rpavor thereof' : Mavor Hunt. Councilmemberc Hnxt_ NPilc
TM o ng voted against orabstained; Non
Whereupon the Resolution was declared duly passed and adopted.