HomeMy WebLinkAboutCity Council Resolution 1979-287CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regglar meeting of
the City Council of the City of Plymouth, Minnesota was held on the
21st day of May , 1979 . The following members were
Mayor yor Hunt, Councilmembers Hoyt, Neils, Seibold and Spaeth
The following members were absent: None
Councilmember Seibold introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79- 287
REDUCING DEVELOPMENT BOND
KINGSWOOD FARM ADDITION (A-759)
WHEREAS, in accordance with the Development Contract, dated August 9, 1978,
Centurion Company, Developer of Kingswood Farm Addition (A-759), 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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping &
ORIGINAL AMOUNT
$ 134,900
125,500
105,300
54,800
16,800
0
1,800
Storm Sewer Cleaning 11500
Erosion Control 2,000
Site Grading 41,000
Design, Admin., Inspection, etc. 58,032
TOTALS $ 541,632
NEW AMOUNT
$ 134,900
12,550
10,530
5,480
16,800
0
1,800
1,500
2,000
0
22,267
$ 207,827
That the Letter of Credit be reduced to $207,827 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
CqVncilmember ils , and upon vote being taken thereon, the
following voted in favor thereo : Mayor Hunt, Councilmembers Hoyt, Neils,
Seibold and Spaeth
75-To"75-To"I lowing votea against ora sta ne ; None
Whereupon the Resolution was declared duly passed and adopted,