HomeMy WebLinkAboutCity Council Resolution 1978-506. CITY OF PLYMOUTH •
Pursuant to due call and notice thereof, aSoar' meeting of
the City Council of the City of Plymouth, Minnesota was held on the
14th day of August 19 78. The following members were
present: Mayor un ounce mem ers Hoyt, -Veils, Seibold and Spaeth
The following members were absent: None
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Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. -506
REDUCING DEVELOPMENT BOND
CIMARRON EAST (A - 295)
WHEREAS, in accordance with the Development Contract, dated April 28, 1978,
Cheyenne Land Company, developer of Cimarron East (A - 295), have agreed to
install certain improvements for said development, and
WHEREAS, the Developer has comple}ed 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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Street Signs
Street Sweeping & Storm
Sewer Cleaning
Erosion Control
Site Grading
Private Street Construction
Landscaping
Pool
TOTALS:
ORIGINAL AMOUNT NEW AMOUNT
$ 84,300.00
$ 77,300.00
142,200.00
14,200.00
109,800.00
60,390.00
34,200.00
32,080.00
6,200.00
6,200.00
1,350.00
1,350.00
2,000.00
2,000.00
2,000.00
2,000.00
25,000.00
2,500.00
136,000.00
130,830.00
20,000.00
20,000.00
15,000.00
15,000.00
$578,050.00 $363,850.00
That the letter of credit required be reduced to $363,850.00 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
following vo e n favor t ereo Mayor Hunt, Councilmembers Hoyt,
Neils, Seibold and Spaeth ,
The following vote against or a sta n one ,
Whereupon the Resolution was declared duly passed and adopted,