HomeMy WebLinkAboutCity Council Resolution 1979-624CITY OF PLYMOUTH
Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79-624
REDUCING DEVELOPMENT BOND
WEST RIDGE ESTATES 1ST ADDITION (A-745)
WHEREAS, in accordance with the Development Contract, dated June 1, 1979, Laukka
and Associates, Inc., developer of West Ridge Estates 1st Addition (A-745), 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
Widen Co. Rd. #9
$ 15,306
$ 5,000
Street Construction
27,820
27,820
Sanitary Sewer
52,195
13,049
Watermain
45,087
11,274
Storm Sewer
14,170
3,543
Boulevard Sod
4,400
4,400
Pond or Ditch Construction
1,000
1,000
Street Signs
300
300
Street Sweeping &
Storm Sewer Cleaning
11000
1,000
Erosion Control
11500
1,500
Site Grading
35,200
0
Design, Adm.,Insp.,
19,530
8 266
TOTALS
$219,898
$77�52
That the Letter of Credit be reduced to $77,152 to reflect the completed work.