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HomeMy WebLinkAboutCity Council Resolution 1978-845.' 01TY OF PLYt1047H . • Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Plymouth. Rinnesota was held on the 18th day of December , 19 78. The following members were present: Mayor Hunt Councilmembers Hot Neils. Seibold The following members were absent: None Councilmember Spaeth introduced the following Resolution and moved its adoption: RESOLUTION NO. 78-845 REDUCING, DEVELOPMENT BOND BURL OAKS ADDITION (A-792) WHEREAS, in accordance with the Development Contract, dated Mary 15, 1978, Lundgren Bros., Construction, Inc., Developer of Burl Oaks Addition (A-792), 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 S 33,500 $ 16,750 Sanitary Sewer 25.000 2,500 Watermain 21,300 2,100 Storm Sewer 20,000 2,000 Boulevard Sod 4,200 4,200 Pond or Ditch Construction 0 0 Street Signs 300 300 Street Sweeping 8 Storm Sewer Cleaning 2,000 2,000 Erosion Control 2,000 2,000 Site Grading 10,400 0 TOTALS S118,400 $ 31,850 That the Letter of Credit be reduced to $31,850 to reflect the completed work. FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer are accepted, as of December 18, 1978, for continual maintenance subject to the one .year guarantee by the Developer. The motion for the adoption of the foregoing Resolution, was duly seconded by and upon vote being taken thereon. the tollowing voted in tavor thereof: Mayor Hunt. Councilmembers Hoyt_ Neils_ Seiboldand Spaeth The foll owing voted against orabstained; Whereupon the Resolution was declared duly passed and adopted,