HomeMy WebLinkAboutCity Council Resolution 1979-311CITY OF PLYMOUTH
Pursuant to due call and notice thereof, are meeting of
the City Council of the City of Plymouth, inhi` n`esota washeTT on the
' 4th day of June , 19 79 . The following members were
present: Mayor Hunt, Councilmembers Hoyt, Neils and Spaeth
The following members were absent: None
Councilmember Hoyt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79-311
REDUCING DEVELOPMENT BOND
CEDAR VIEW ESTATES (A-705)
WHEREAS, in accordance with the Development Contract, dated March 27, 1978,
Clifford Otten, developer of Cedar View Estates (A-705), has agreed to install
certain improvements for said development, and
WHEREAS, the Developer has completed a portion of the improvements as noted
below, and
WHEREAS, the Developer has requested a reduction of the Development Bond to reflect
the completed work;
NOW, THEREFORE, BE IT HEREBY 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
$16,525.00
$5,000.00
Sanitary Sewer
23,780.00
0.00
Watermain
9,795.00
0.00
Storm Sewer
21,565.00
0.00
Boulevard Sod
0.00
0.00
Ponds or Ditch Construction
0.00
0.00
Street Signs
150.00
150.00
Street Sweeping
11000.00
11000.00
Erosion & Sediment Control
11000.00
11000.00
TOTALS
$73,815.00
$7,150.00
That the Letter of Credit, which was previously reduced to $23,675.00 be further
reduced to $7,150.00 to reflect the completed work.
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer are
accepted, as of June 4, 1979, for continual maintenance subject to the one year
guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Spaar_th , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Hunt, Councilmembers Hoyt Neils
and Spaeth
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.