HomeMy WebLinkAboutCity Council Resolution 1978-8499
. OF 4)L OF PLYMOUTH 4 •
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was held on the
18th day of December 1978 . The following members were
present: Mayor Hunt, CouncilmeTbers !Ut, Ne Ts, Seibold and Spaeth
The following members were absent: None
t** ,r,r,r t•t
Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78- 849
REDUCING DEVELOPMENT BOND
CIMARRON EAST !A-295)
WHEREAS, in accordance with the Development Contract, dated April 28, 1978,
Cheyenne Land Company, Developer of Cimarron East (A-295), 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 RESOLVFO 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
$ 84,300
$ 26,133
Sanitary Sewer
142,200
0
Watermain
109,800
0
Storm Sewer
34,200
0
Boulevard Sod
6,200
6,200
Pond or Ditch Construction
0
0
Street Signs
1,350
1,350
Street Sweeping &
Storm Sewer Cleaning
2,000
2,000
Erosion Control
2,000
2,000
Site Grading
25,000
2,500
Private Street Construction
136,000
70,720
Landscaping
20,000
20,000
Pool
15,000
8,000
TOTALS
$578,050
$138,903
That the Letter of Credit, which was previously reduced to $257,180.00 be further
reduced to $138,903.00 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the
0 owing vete l ayor thereof: _Mayor Hunt. Councilmembers Hoyt_ Npilc_ Seibold
and Spaeth
The following votea against ora std ne None
Whereupon the Resolution was declared duly pa-.ied and adopted,