HomeMy WebLinkAboutCity Council Resolution 1978-522CITY 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 Councilmembers S aeth Neils and Hoyt
The following members were absent:
Councilmembe,r Neils introduced the following Resolution and
moved its adoption:
RESOLUTION 140. 78- 522
REDUCING DEVELOPMENT BOND
SCHMIDT LAKE WOODS (A-681)
WHEREAS, in accordance with the Development Contract, dated June 6, 1977.
Enterprise Properties, developer of Schmidt Lake Woods (A-681), 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,
MINNESOTA that the bonding requirements are reduced as follows:
ITEM
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$77,404.00
$ 4,000.00
Sanitary Sewer
66,568.00
0.00
Watermain
49,255.00
500,00
Storm Sewer
18,450.00
0.00
Boulevard Sod
15,000.00
15,000.00
Ponds or Ditch Const.
3,500.00
3,500.00
Street Signs
500.00
500.00
Street Sweeping &
Storm Sewer Cleaning
2,000.00
2,000.00
Erosion Control
3,000.00
3,000.00
Site Grading
29,500.00
0.00.
TOTALS: Letter of Credit
$265,177.00
$28,500.00
That the Letter of Credit, which was previously reduced to $76,404 be further
reduced to $'28,500 to reflect the completed work.
FURTHER BE IT RESOLVED that the street construction, concrete curb and gutter,
sanitary sewer, watermain and storm sewer are accepted, as of August ?1, 1978,
for continual maintenance subject to the one year guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Counclimember Hoyt , and upon vote being taken thereon, the
following Yoe n favor thereof; Mayor Hunt, Councilmembers Spaeth, Neils
and Hoyt
The following vote against ora sta.ne one
Whereupon the Resolution was declared duly pmed and adopted,