HomeMy WebLinkAboutCity Council Resolution 1978-673CITY OF PLYMOUTH
Pursuant to due tail and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was held on the
16th day rf October , 19 78. The following members were
present: Mayor Hunt, Councilmembers Hoyt, Neils, and Spaeth
The following members were absent: Councilmember Seibold
Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78-673
REDUCING DEVELOPMENT BOND
CIRCLE STAR BUSINESS CENTER 3rd ADDITION (A-403)
WHEREAS, ih accordance with the Development Contract, dated March 27, 1978,
Rauenhorst Corp., developer of Circle Star Business Center, 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
$ 79,075
$ 6,400
Sanitary Sewer
24,000
0
Watermain
34,880
0
Storm Sewer
43,750
Boulevard Sod
5,000
5,000
Pond or Ditch Construction
0
0
Street Signs
150
150
Street Sweeping &
Storm Sewer Cleaning
11000
11000
Erosion Control
1,000
11000
Site Grading
0
0
TOTALS
$188,855
$13,550
That the Letter of Credit be reduced to $13,550 to reflect the completed work.
FURTHER BE IT RESOLVED that the 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
Councilmembe� Hoyt , and upon vote being taken tf,_reon, the
following voted in favor thereof: Mayor Hunt, CnunrllmPmhPrr unj4t Na,� ile
and S Beth
e tollowing voted against or abstained; Ngnp,
Whereupon the Resolution was declared duly passed and adopted,