HomeMy WebLinkAboutCity Council Resolution 1978-766CITY OF PLY11DUTH
Pursuant to due call and notice thereof, arQgular meeting of
the City Council of the City of Plymouth, Minnesata was he'd on the
20th day of November 191,8,. The following members were
.present: -Acting-.Mayor Spaeth- Councilmemhers Hnyt W I R and eaihnid
The following members were absent: Mayor Hunt
Counc'lmember Seihold introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78- 766
REDUCING DEVELOPMENT BOND
NATHAN TRAILS ADDITION (A-698)
WHEREAS, in accordance
with the Development Contract, dated May 15, 1978, Meadow
Corporation, developer
of Nathan Trails Addition (A-698),
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
$108,570
$108,570
Sanitary Sewer
83,210
8,321
Watermain
66,640
6,664
Storm Sewer
11,800
Boulevard, Sod
11,800
and or Ditch Construction 2,500
2,500
Street Signs
11050
1,050
Street Sweeping &
Storm Sewer Cleaning 1,000
1,000
Erosion Control
1,000
1,000
Site Grading
62,750
0
TOTALS
$381,545
$145,207
That the letter of credit required be reduced to $145,207
to reflect the completed
work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Ho t , and upon vote being taken t'ereon. the
followin
g voted in favor thereof; Acting Mayor Spaetb. Councilmembers
Ho t Neils and Seibold
The fo lowing voted against orabstained; none
Whereupon the Resolution was declared duly Ta_%sed and adopted,
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