HomeMy WebLinkAboutCity Council Resolution 1978-521• CITY OF PLYMOUTH •
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was held on the
• 21st day of August , 19 78. The following members were
present: Mayor Hunt, Council members Spaeth. Neils and Hoyt
The following members were absent: Councilmember Seibold
Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78- 521
REDUCING DEVELOPMENT BOND
SCHMIDT LAKE WOODS 2nd ADDITION IA -681)
WHEREAS, in accordance with the Development Contract, dated March 27, 1978,
Enterprise Properties, developer of Schmidt Lake Woods 2nd Addition, have
agreed to install certain improvements for said development, and
WHEREAS, the Developer has completed a portion of the street, utility and site
grading 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,
. MTNNESOTA that the bonding requirements are reduced
as follows:
ITEM
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$29,600.00
$7,660.00
Sanitary Sewer
27,300.00
0.00
Watermain
18,800.00
.0.00
Storm Sewer
6,900.00
0.00
Boulevard Sod
3,400.00
3,400.00
Street Signs
300.00
300.00
Street Sweeping &
Storm Sewer Cleaning
1,000.00
1,000.00
Erosion Control
1,000.00
1,000.00
Site Grading
8,500.00
0.00
TOTALS:
$96,800.00
$13,360.00
That the Letter of Credit required be reducer' to $13,360 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
.tollowIng voted 1n avor thereof.
Mavor Hunt, Councilmember Spaeth, Neils
d Hoyt
The tolloWIng voted against ora sta ne ; None
Whereupon the Resolution was declared duly passed and adopted,