HomeMy WebLinkAboutCity Council Resolution 1979-096CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was held on the
12th day of February , 19 79. The following members were
present: Mayor Hunt, Councilmembers Hoyt -a—nU Spaeth
The following members were absent: Councilmembers Neils and Seibold
•t,r
Councilmembers Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 7 9- 96
REDUCING DEVELOPMENT BOND
WELLINGTON ADDITION (A-472)
WHEREAS, in accordance with the Development Contract, dated October 3, 1977,
Paul A. Lawrence Company, developer of Wellington 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
$ 48,218
$ 4,822
Sanitary Sewer
29,425
2,942
Watermain
34,559
3,456
Storm Sewer
14,672
1,467
Boulevard Sod
8.41111
8,400
Pond or Ditch Construction
1,000
1,000
Street Signs
600
600
Street Sweeping &
Storm Sewer Cleaning
1,500
1,500
Erosion Control
11000
11000
Site Grading
27,000
2,700
Trails
8,500
81500
TOTALS
$174,874
$36,387
That the Letter of Credit which was previously reduced to $85,118.00 be further
reduced to $36,387.00 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Hoyt , and upon vote being taken thereon, the
following voted to favor thereof: Mayor Hunt, Councilmembers Hoyt and
Ine Toltowing voted against or abstained; Nor
Whereupon the Resolution was declared duly passed