HomeMy WebLinkAboutCity Council Resolution 1978-740• CITY OF PLYMOUTH .
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, P4innesota was heTd on the
6th day of November , 19 78. The following members were
present: Mayor Hunt, Councilmember Hoyt, Neils, Seibold and Spaeth
The following members were absent: None
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78-740
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 PLY"".
MINNESOTA that the bonding requirements are reduced as follows:
ITEM
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$ 3.000
E 0
Sanitary Sewer
11,730
0
Watermain
2.325
0
Storm.Sewer
4,010
0
Boulevard Sod
2,000
0
Pond or Ditch Construction
11000
0
Street Signs
0
0
Street Sweeping &
Storm Sewer Cleaning
1,000
0
Erosion Control
500
0
Site Grading
0
0
TOTALS
$25,565
$ 0
That the Letter of Credit be reduced to $0.00 to reflect the finished work,
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Hoyt , and upon vote being taken thereon, the
tollowing voted in avor t ereo : Mayor Hunt, Councilmembers Hoyt. Neils,
nap
The nd wing Voted
T e following voted against or abstained: None _
Whereupon the Resolution was declared duly passed and adopted.