HomeMy WebLinkAboutCity Council Resolution 1978-7680 CITY OF PUNCUTH 0
Pursuant to dve call and notice thereof. a regular meeting of
the City Council of the City of Plymouth, Pgtnneso a was hel -on the
20th day of November , 19 78. The following members were
present:ActinW nr S�a_e_th. Co!jncil ers Hoyt, Neils and Seibold
The foIIoain9 hers stere absent: It vor Hunt --
•rr was Amir
Councilmember Seibold introduced the following Resolution and
moved its i option;
RESOLUTION NO. 78- 768
REDUCING DEVELOPMENT BOND
PALMER CREEL( ESTATES 4TH ADDITION (A-667)
WHEREAS, in accordance with the Development Contract, dated April 13, 1978,
Arnold Palmer, developer of Palmer Creek Estates 4th Addition (A-667), has agreed
to install certain improvements for said developmer'., and
WHEREAS. the Developer has completed a portion of the improvements 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
$ 47,310
$47,310
Sanitary Sewer
50,810
500
Watermain
34,665
500
Storm Sewer
3.190
319
Boulevard Sod
7,600
7,600
Ponds or Ditch Construction
1,000
11000
Street Signs
600
600
Street Sweeping & Storm
Sewer Cleaning
1,000
1,000
Erosion Control
2,000
2,000
Site Grading
14,000
0
TOTALS
$167,175
$60,829
That the letter of credit which was previously reduced to $72,156 be further reduced
to $60,829 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
rnlinr U
�r�y� __, and upon vote being taken the. eon, the
following vo ea in Ivor t�ere�o Actino Mayor Spaeth, Councilmembers Hoyt,
Ine T01iowing voted against or abstained: None
Whereupon the Resolution was declared duly passed an
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