HomeMy WebLinkAboutCity Council Resolution 1978-6100 CITY OF PLYMOUTH 0
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was held on the
is
26th day of September , 19 78. The following members were
present: "ayor Hunt, Counci me ers Hoyt—? eibold and Spaeth
The following members were absent: 75—uncilmember Nells
Councilmember Hoyt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78- 610
REDUCING DEVELOPMENT BOPID
MINNEAPOLIS INDUSTRIAL PARK, 3rd ADDITION (A-199)
WHEREAS, in accordance with the Development Contract, dated August 15, 1977, Carlson
Properties, Inc., developer of Minneapolis Industrial Park, 3rd Addition, we 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
$ 96,300.00
$20,000.00
Sanitary Sewer
30 200.00
4,500.00
Watermain
Storm Sewer
63,900.00
6,390.00
Boulevard Sod
46,000.00
7,500.00
4,600.00
Pond or Ditch Construction Outlets
10,000.00
7,500.00
10,000.00
Street Signs
75.00
75.00
Street Sweeping $ Storm Sewer
Cleaning
Erosion Control
1,000.00
1,000.00
Site Grading
5,000.00
78 400.00
5,000'.00
5,000.00
TOTALS
$338,375.00
$64,065.00
That the Letter of Credit required be reduced to $64,065.00 to reflect the completed
work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Seibold , and upon vote being taken thereon, the
following vote in avor thereof: Mayor Hunt, Councilmembers Hoyt,
Seibold and Spaeth
The following voted against ora sta ne one
Whereupon the Resolution was declared duly passed and adopted,