HomeMy WebLinkAboutCity Council Resolution 1979-512CITY OF PLYMOUTH
Councilmember Hoyt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79-512
REDUCING DEVELOPMENT BOND
MISSION PONDS (A-338)
WHEREAS, in accordance with the Development Contract,
dated January 27, 1979,
Harry J. Jensen, General Partner, Mission Ponds 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 'OUNCIL OF
THE CITY OF PLYMOUTH,
MINNESOTA that the bonding requirements are reduced as
follows:
ITEM ORIGINAL AMOUNT
NEW AMOUNT
Street Construction (Private) $ 11,631.00
$11,631
Sanitary Sewer 12,182.00
0
Watermain 9,655.00
0
Storm Sewer 4,960.00
0
Boulevard Sod 1,200.00
1,200
Pond or Ditch Construction 0.00
0
Street Signs 150.00
150
Street Sweeping &
Storm Sewer Cleaning 11500.00
1,500
Erosion Control 1,000.00
1,000
Site Grading 11,000.00
11,000
Admin., Insp., Engr. 6,393.36
3,178
TOTALS $S9,67/1.36
$29,659
That the Letter of Credit be reduced to $29,659 to reflect the completed work.
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer are
accepted, as of August 20, 1979, for continual maintenance subject to the one
.year guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly secorded by
Councilmembgr NeiJs 'and upon vote being
taken thereon. the
following voted in tavor thereof: KcIvor Hunt, Couacilmemberc
Davenport_
Hot Neils and Spaeth
e following voted against orabstained: Non
Whereupon the Resolution was declared duly passed and
adopted.
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