HomeMy WebLinkAboutCity Council Resolution 1978-523. CITY OF PLYMOUTH .
Pursuant to glue call and notice thereof, a rhe ula�r meeting of
the City Council of the City of Plymouth, Minnesota was held on the
21st day of August , 1978 . The following members were
present, Mayor Hunt Councilmem*ers Spaeth, Neils and Hoyt
The following members were absent: Councilmember Seibold
introduced the following Resolution and
move its a option:
RESOLUTION NO. 78- 523
REDUCING DEVELOPMENT BOND
PALMER CREEK ESTATES 2nd ADDITION (A-667)
WHEREAS, in accordance with the Development Contract, dated June 21, 1977,
Arnold Palmer, developer of Palmer Creek Estates 2nd Addition (A-667), has
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
$23,550.00
$ 1,006.00
Sanitary Sewer
18,555.00
500.00
Watermain
16,460.00
500.00
Storm Sewer
4,000.00
0.00
Boulevard Sod
3,800.00
3,800.00
Street Signs
200.00
0.00
Street Sweeping &
Storm Sewer Cleaning
1,000.00
11000.00
Erosion Cdntrol
11000.00
1,000.00
Site Grading
91500.00
0.00
TOTALS
$78,065.00
$ 7,806.00
That the Letter of Credit, which was previously reduced to $15,900 be further
reduced to $7,806to 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 21, 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
Councilmember Spaeth , and upon vote being taken thereon. the
following vote n favor thereof. Mayor Hunt, Councilmembers Spaeth, Neils
and Hoyt
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted,
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