HomeMy WebLinkAboutCity Council Resolution 1979-041Y�
CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a Regular meeting of
the City Council of the City of Plymouth, Minnesota was held on the
15th day of Januar , 19 79. The following members were
present: Mayor un ounce ]members oyt.Seibold and Spaeth
The following members were absent: ounce ]member Neils
Counci 1 member Seibold introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79-41
REDUCING DEVELOPMENT BOND
CIMARRON PONDS 2ND ADDITION (A-208)
WHEREAS, in accordance with the Development Contract, dated August 15, 1977,
Centurion Company, developer of the Cimarron Ponds 2nd Addition, 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
$ 42,100
$ 0
Sanitary Sewer
77,190
0
Watermain
75,840
0
Storm Sewer
19,650
0
Boulevard Sod
4,850
1,200
Pond or Ditch Construction
0
0
Street Signs
1,200
0
Street Sweeping &
Storm Sewer Cleaning
5,000
2,500
Erosion Control
0
0
Site Grading
28,400
1,000
Private Street & Driveways
80,830.
12,000
Landscaping & Trails
4,000
4,000
TOTALS
$339,060
$20,700
That the Letter of Credit, which was previously reduced to $81,926, be further
reduced to $20,700 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember S aeth' and upon vote being taken thereon, the
following vote in avor thereof: Mayor Hunt,.Councilmembers Hoyt,
Seibold and Spaeth
the owing voted against or absta ne ; None ,
Whereupon the Resolution was declared duly passed andadopted,
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