HomeMy WebLinkAboutCity Council Resolution 1979-626CITT OF PLYMOUTH
Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79-626
REDUCING DEVELOPMENT BOND
WILLOW GROVE ADDITION (A-323)
WHEREAS, in accordance with the Development Contract, dated August 29, 1977,
Willow Grove Associates, developer of Willow Grove 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
$ 98,000
$ 9,800
Sanitary Sewer
0
0
Watermain
0
0
Storm Sewer
0
0
Boulevard Sod
10,000
10,000
Pond or Ditch Construction
0
0
Street Signs
150
150
Street Sweeping &
Storm Sewer Cleaning
2,000
2,000
Erosion Control
2,000
2,000
Site Grading
0
0
TOTALS
$112,150
$23,950
That the Letter of Credit which was previously reduced to $69,150 be further
reduced to reflect the completed work.