HomeMy WebLinkAboutCity Council Resolution 1978-378u
CITY OF PLYMOUTH
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Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota, was held on the 19th day of
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�� 19 The following members were present:
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mayor Runt; CounMmembers Hoyt, Neils and Spaeth
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o ncilmember Neils introduced the following Resolution and moved
Its adoption:
RESOLUTION NO. 78-378
REDUCING DEVELOPMENT BOND
CIMARRON PONDS (A-208)
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WHEREAS, in accordance with the Development Contract, dated April 21, 1977, Centurion
Company, developer of Cimarron Ponds Addition (A-208), 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
$ 35,019.00
$ 0.00
Sanitary Sewer System
47,608.00
11000.00
Watermain System
66,560.00
1,000.00
Storm Sewer System
28,867.00
1,000.00
Boulevard Sod
4,000.00
1,000.00
Pond Construction
0.00
0.00
Street Signs
900.00
0.00
Street Sweeping & Storm
Sewer Cleaning
5,000.00
1,000.00
TOTALS:
$187,954.00
$ 5,000.00
AND, WHEREAS, private'improvements have been completed to date in Phase I as follows:
ITEM ORIGINAL AMOUNT NEW AMOUNT
Street Construction with
Driveways
Landscaping & Interior Trails
Trail Paving & Culvert
Site Grading & Pond Improvements
Trailway Bridge & Outlet
Structures
$ 46,451.00
4,000.00
1,496.00
20,000.00
3,908.00
$ 1,000.00
2,000.00
1,496.00
2,000.00
0.00
That the Letter of Credit be reduced to $11,496.00 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded
by Councilmember Hoyt. , and upon vote being taken thereon, the
fg ol 3—vI othed in�awr tnereoti Mayor Hunt. ,Councilmembers .Hoyt, Neils
-me ''Q'4ISowing�wte —against or abstained:
Whereupon the Resolution was declared duly passed and adopted.
Resolution 0 73-378
Page 2
ITEM
ORIGINAL AMOUNT
NEW AMOUNT
(continued)
Tennis Court
$ 15,000.00
$ 0.00
Pool
15,000.00
0.00
TOTALS:
$105,855.00
$ 6,496.00
GRAND TOTALS:
$293,809.00
$11,496.00
That the Letter of Credit be reduced to $11,496.00 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded
by Councilmember Hoyt. , and upon vote being taken thereon, the
fg ol 3—vI othed in�awr tnereoti Mayor Hunt. ,Councilmembers .Hoyt, Neils
-me ''Q'4ISowing�wte —against or abstained:
Whereupon the Resolution was declared duly passed and adopted.