HomeMy WebLinkAboutCity Council Resolution 1978-509• CITY OF PLYMOUTH •
Pursuant to due call and notice thereof, a Special meeting of
the City Council of the City of Plymouth, M nnesota wasa on t e
14th daffy of August , 19 78. The following members were
present: Ma or Hunt. Councilmembers Hoyt -,—Neils, Seibold and Spaeth
The follow n9 me ers were a sent: None
Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78-509
REDUCING DEVELOPMENT BOND
PALMER CREEK ESTATES 4th ADDITION (A - 667)
WHEREAS, in accordance with the Development Contract, dated April 13, 1978,
Arnold Palmer, developer of Palmer Creek Estates 4th Addition (A - 667), 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
$47,310.00
$47,310.00
Sanitary Sewer
50,810.00
5,081.00
Watermain
34,665.00
3,466.00
Storm Sewer
3,190.00
319.00
Boulevard Sod
7,600.00
7,600.00
Ponds or Ditch Construction
1,000.00
11000.00
Street Signs
600.00
600.00
Street Sweeping & Storm
Sewer Cleaning
11000.00
11000.00
Erosion Control
2,000.00
2,000.00
Site Grading
19,000.00
3,800.00
TOTALS:
$ 167,175.00
$ 72,156.00
That the letter of credit required be reduced to $72,156.00 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 Yoe n favor thereof'. Mayor Hunt. Coucilmembers Hoyt.
Neils. Seibold and Spaeth.
The following voted against or abstalned; Ngne
Whereupon the Resolution was declared duly passed and adopted,