HomeMy WebLinkAboutCity Council Resolution 1979-095OF
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was he d on the
12th day of February , 1979 . The following members were
present: Ma or Hunt Councilmembers Hoyt and Spaeth
The following members were absent: Councilmembers Neils and Seibold
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Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79 - 95
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 0
Storm Sewer 18,450 0
Bo"le.`ard 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 0
TOTALS $265,177 $23,500
That the Letter of Credit, which was previously reduced to $24,000, be further
reduced to $23,500 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Ho t , and upon vote being taken thereon, the
following vote !.n favor thereof: Mayor Hunt. Councilmembers Hoyt and
Spaeth
e following voted against ora sta_ne ; _ None
Whereupon the Resolution was declared duly pused and adopted,
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