HomeMy WebLinkAboutCity Council Resolution 1978-413• CITY OF PLYMOUTH •
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota washeld on the
10th day of July , 19 78 . The following members were
present: Acting Mayor Spaeth, Councilmembers Neils and Seibold
The following members were absent: Mayor Hunt and Councilmember Hoyt
Councilmember Seibold introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78-413
REDUCING DEVELOPMENT BOND
WESTMINSTER ADDITION (A-717)
WHEREAS, in accordance with the DevElopment Contract, dated June 13, 1977, B -T Land
Company, developer of Westminster Addition (A-717), has agreed to install certain
improvements for said development, and
WHEREAS, the Developer has completed a portion of the ponds and all of the site
grading and streets, 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 Letter of Credit requirement be reduced as follows:
ITEM
PREVIOUS AMOUNT
NEW AMOUNT
Street Construction
$34,806.00
$ 0.00
Sanitary Sewer
0.00
0.00
Watermain
0.00
0.00
Storm Sewer
0.00
0.00
Boulevard Sod
11,000.00
11,000.00
Ponds
2,000.00
1,000.00
Street Signs
750.00
750.00
Street Sweeping
11000.00
1,000.00
Erosion Control
11000.00
1,000.00
Site Grading
7,000.00
0.00
TOTALS: `°`
$57,556.00
$14,750.00
That the Letter of Credit be reduced to $14,750.00 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
followlng voted in favor t ereo ; Acting Mayor Spaeth, Councilmembers
Neils and Seibold
Ine Tollowing votea against or abstained; None
Whereupon the Resolution was declared duly pasised and adopted,