HomeMy WebLinkAboutCity Council Resolution 1979-043CITY 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 January , 19 79 . The following members were
present: Mayor Hunt, Councilmembers Hoyt, Seibold and Spaeth
The following members were absent: Councilmember Neils
Councilmember Seibold introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79- 43
REDUCING DEVELOPMENT BOND
(CEDAR RIDGE ADDITION (A-813)
WHEREAS, in accordance with the Development Contract, dated July 24, 1978, B -T
Land Company, developer of Cedar Ridge 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 cc,npleted 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
$ 92,750
$ 92,750
Sanitary Sewer
74,760
7,476
Watermain
67,480
6,748
Storm Sewer
32,480
12,000
Boulevard Sod
15,000
15,000
Pond or Ditch Construction
1,000
11000
Street Signs
750
750
Street Sweeping &
Storm Sewer Cleaning
1,000
1,000
Erosion Control
2,000
2,000
Site Grading
1,000
0
TOTALS
$368,140
$138,724
That the Letter of Credit be reduced to $138,724.00 to reflect the completed work.
The motion for the adoption of the forego, ng Resolution was duly seconded by
NJ Councilmember Spaeth , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Hunt, Councilmembers Hoyt, Seibold
and Spaeth
The following voted against orabstained, Non
Whereupon the Resolution was declared duly passed and adopted,