HomeMy WebLinkAboutCity Council Resolution 1978-670• 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 thz
16th __ day of October 19 78. The following members were
present: Mayor Hunt rouncilmembers Hovt Neils and Spaeth
The following members were absent: Councilmember Seibold
Councilmember Spaeth introduced the following Resoiution and
movea its adoption: '
RESOLUTION NO. 18-670
REDUCING DEVELOPMENT BOND
SHILOH 2nd Addition (A-331)
WHEREAS, in accordance with the Development Contract, dated April 11, 1977,
Lundgren Bros. Construction, Inc., developer of Shiloh 2nd Addition (A-331), 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
$113,500.00
$34,000.00
Sanitary Sewer
111;200.00
0 _
Watermain
74,30P.00
0
Storm Sewer
19,400.00
?,00.00
Boulevard Sod
10,500.00
10,500.00
Pond or Ditch Construction
51000.00
2,500.00
Street Signs
900.00
900.00
Street Sweeping &
Storm Sewer Cleaning
11000.00
11000.00
Erosion Control
5,000.00
5,000.00
Site Grading
57,900.00
0
TOTALS
$398,700.00
$55,900.00
That the Letter of Credit, which was previously reduced to $17,500 be further
reduced to $55,900 to reflect the completed work.
FURTKZR BE IT RESOLVED that the sanitary sewer and watermain 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
0 ow ng voted In favor thereof: Mayor Hunt, Councilmembers Hoyt. Neils
and S aeth
e following voted against orabstained;
Whereupon the Resolution was declared duly passed and a opte ,