HomeMy WebLinkAboutCity Council Resolution 1978-7670 CITY OF PLYMOUTH 0
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plyz*uth, I'innesota was held on the
20th day of November , 19 78 . The following members were
present: Acting Mayor S aeth Councilmembrs Hot Neils and Seftold
The following members were absent: Mayor Hunt
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Councilmember Seibold introduced the following Resolution and
moved its adoption:
RESOLUTION 140. 78- 767
REDUCING DEVELOPMENT BOND
PALMER CREE K ESTATES - 3RD ADDITION (A-667)
WHEREAS, in accordance with the Development Contract, dated March 2, 1978,
Arnold Palmer, developer of Palmer Creek Estates - 3rd Addition (A-667),
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, THEPEFORE, 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
S 27,300
$ 835
Sanitary Sewer
16,417
500
Watermain
15,505
500
Storm Sewer
2,827
0
Boulevard Sod
4,000
4,000
Pond or Ditch Construction
0
0
Street Signs
300
0
Street Sweeping &
Storm Sewer Cleaning
11000
1,000
Erosion Control
1,000
1,000
Site Grading
10,000
0
TOTALS
S 78,349
$ 7,835
That the letter of credit -which was previously reduced to $16,600 be further
reduced to $7,835 to reflect the completed work.
FURTHER BE IT RESOLVED that the street construction, concrete curb and gutter,
sanitary sewer, watermain and storm sewer are accepted, as of November 20, for
continual maintenance subject to the one year guarantee by the Developer.
The motion for the adoption of the foregoino Resolution was duly seconded by
Councilmember Ho t , and upon vote being taken thereon. the
following vote to favor thereof: Acting Mayor Spaeth. Councilmembers
Hot Neils and Seibold
e tol lowing vote against orabstained: none ,
Whereupon the Resolution was declared duly pa4seU and adopted,