HomeMy WebLinkAboutCity Council Resolution 1979-627G11T Y�' r1.Tiwu1n
Pursuant to due call and notice thereof, a e a meeting of
the City Council of the City of Plymouth, Minnesota was held on the
24th day of Sentamh r , 1979 . The following members were
•
present:
The following members, were absent: councilor mbar N ils
Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79-627
REDUCING DEVELOPMENT BOND
DEERWOOD MEADOWS ADDITION (A-784)
WHEREAS, in accordance with the Development Contract, dated September 22, 1978,
Parklands Development, Developer of Deerwood Meadows Addition (A-784), 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
$ 62,302.00
$ 12,460.00
Sanitary Sewer
63,957.50
1,000.00
Watermain
45,180.25
1,000.00
Storm Sewer
32,450.00
3,245.00
Boulevard Sod
9,400.00
9,400.00
Pond or Ditch Construction
0.00
0.00
Street Signs
600.00
600.00
Street Sweeping 8
Storm Sewer Cleaning
1,000.00
1,000.00
Erosion Control
2,000.00
2,000.00
Site Grading
0.00
0.00
Design, Admin., Inspection
26,026.77
3,680.00
TOTALS
$242,916.52
$ 34,385.
That the Letter of Credit which was previously $80,570.00 be further reduced to
$34,385.00 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the
tollowing vote in -favor thereof: Mayor Hunt Counci'lmembers Davenport. _
Hoyt and Spaeth
The following voted against or abstained; None
Whereupon the Resolution was declared duly passed and adopted,