HomeMy WebLinkAboutCity Council Resolution 1978-508• CITY OF PLYMOUTH •
Pursuant to due call and notice thereof, a Special meeting of
the City Council of the City of Plymouth, Minnesota was held on the
14 th day of fl.:.gust 19 78. The following members were
present:7fia or Hunl; Lounci members Hoyi, Neils, Seibold and Spaeth
The following members were absent: None
Councilmember Spaeth introduced the following Resolution and
moved its ado -pt -w-.
RESOLUTION NO. 78-508
REDUCING DEVELOPMENT BOND
PALMER CREEK ESTATES - 3rd ADDITION (A - 667)
WHEREAS, in accordance with the Development Contract, dated March 2, 1978,
Arnold Palmer, developer of Palmer Creek Estates - 3rd Addition (A - 667),
have 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 Const.uction
$ 27,300.00
$ 6,825.00
Sanitary Sewer
16,417.00
1,642.00
Watermain
15,505.00
1,550.00
Storm Sewer
2,827.00
283.00
Boulevard Sod
4,000.00
4,000.00
Street Signs
300.00
300.00
Street Sweeping & Storm
Sewer Cleaning
11000.00
1,000.00
Erosion Control
11000.00
1,000.00
Site Grading
10,000.00
0.00
TOTALS:
$ 78,349.00
$ 16,600.00
That the letter of credit which was previously reduced to $36,980.00 be
further reduced to $16,600.00 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 vote n Tayor thereof: Mayor Hunt,_Councilmembers Hoyt,
Neils Seibold and Spaeth
lhe following vote against or ab,stA ne ; None
Thereupon the Resolution was declared duly -Fa%sed and adopted,