HomeMy WebLinkAboutCity Council Resolution 1978-674•' CITY OF PLY11OUTH •
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth. Minnesota was held on the
16th day of October , 1978 . The following members were
present: Mayor Hunt_ Grn�ncilmpmhnrs pxt_ &i1c- anA $paixth
The following members were a sent• Cnuncilmwnher Seibold
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Councilmember Spaeth introduced the following Resolution and
moved adoption:
RESOLUTION NO. 78-674
REDUCING DEVELOPMENT BOND
CIMARRON EAST (A-295)
WHEREAS, in accordance with the Development Contract, dated April 28, 1978,
Cheyenne Land Company, developer of Cimarron East, 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
$ 84,300
$ 77,300
Sanitary Sewer
142,200
0
Watermain
109,800
0
Storm Sewer
34,200
0
Boulevard Sod
6,200
6,200
Pond or Ditch Construction
0
0
Street Signs
1,350
1,350
Street Sweeping 8
Storm Sewer Cleaning
2,000
2,000
Erosion Control
2,000
2,000
Site Grading
25,000
2,500
Private Street Construction
136,000
130,830
Landscaping
20,000
20,000
Pool
15,000
15,000
TOTALS
$578,050
$257,180
That the Letter of Credit, which was previously reduced to $363,850 be further
reduced to $257,180 to reflect the completed work.
The motion for the adoption of the foregoing Res elution was duly seconded by
and upon vote being taken thereon, the
tollowing voted l,n tayor thereof: Ma(Or Hunt. rnnnrjlmomharc Mgt, Nn�� ile_
and Spaeth
e toilowing voted against ora sta ne ; Nnnq,
Whereupon thz Resolution was declared duly pasised and adopted,
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