HomeMy WebLinkAboutCity Council Resolution 1979-042CITY 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
so 15th day of January 19 79. The following members were
present: Mayor Hunt, Councimembers Hoyt,
�eibold and Spaeth
The following members were absent: counct I mem er Ne1 s
Councilmember Seibold introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79-42
REDUCING DEVELOPMENT BOND
SCHMIDT LAKE WOODS (A-681)
WHEREAS, in accordance with the Development Contract, dated June 6, 1977,
Enterprise Properties, developer of Schmidt Lake Woods (A-681), 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 $ 77,404 $ 0
Sanitary Sewer 66,568 0
Watermain 49,255 500
Storm Sewer 18,450 0
Boulevard Sod 15,000 15,000
Pond or Ditch Construction 3,500 3,500
Street Signs 500 0
Street Sweeping &
Storm Sewer Cleaning 2,000 2,000
Erosion Control 3,000 3,000
Site Grading 29,500 O
TOTALS $265,177 $24,000
That the Letter of Credit, which was previously reduced to $28,500, be further
reduced to $24,000 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
' Councilmember 5 aethand upon vote being taken thereon, the
0 owing vote in avor thereof:'Mayor Hunt, Councilmembers Hoyt, Seibold
and Spaeth
The following voted against or abstained; None
Whereupon the Resolution was declared duly passed an a opte ,
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