HomeMy WebLinkAboutCity Council Resolution 1978-669CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was !^eld on the
i6th day of Octobr=r , 191&. The following members were
present:MAvor Hunt, re yt_ Neilsand Spaeth
The following members wea sent: Councilmember Seihold
Councilmember Spaeth introduced the following Resolution and
mved its adoption:
RESOLUTION NO. 78-669
REDUCING DEVELOPMENT BOND
WEST TONKA ESTATES (A-501)
WHEREAS, in accordance with the Development Contract, dated June 6, 1977
Floyd B. and Inger S. Olson, developer of West Tonka Estates (A-501),
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
$ 3,000
$ 600
Sanitary Sewer
11,730
600
Watermain
2,325
100
Storm Sewer
4,010
200
Boulevard Sod
2,000
0
Pond or Ditch Construction
11000
500
Street Signs
0
0
Street Sweeping &
Storm Sewer Cleaning
11000
500
Erosion Control
500
0
Site Grading
0
0
TOTALS
$25,565
$2,500
That the Letter of Credit be reduced to $2,500 to reflect the finished work.
FURTHER BE IT RESOLVED that the street construction, sanitary sewer, watermain and
storm sewer are accepted, as of October 16, 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 Hoyt , and upon vote being taken thereon. the
following voted in favor thereof: Mayor Hunt, Councilmembers Hoyt, Neils
and Spaeth
The following voted against orabstained: None
Whereupon the Resolution was declared duly passed and adopted.