HomeMy WebLinkAboutCity Council Resolution 1979-628Pursuant to due call and notice thereof, am"
ting of
the City Council of the City of Plymouth, Minnesoivat*kR on the
74th day of Santambar 1418. The following members were
present:
The following members were absent: Councilmember Neils _
� �r rt•*
Councilmember Spaeth introduced the following Resolution and
moved its adoption;
RESOLUTION NO. 79-628
REDUCING DEVELOPMENT BOND
PALMER CREEK ESTATES 4TH ADDITION (A-667)
WHEREAS, in accordance with the Development Contract dated April 13, 1978,
Arnold Palmer, developer of Palmer Creek Estates 4th Addition (A-667), 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, SE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the i:.onding requirements are reduced as follows:
ITEM ORIGINAL AMOUNT NEW AMOUNT
Street Construction
S 47,310
$ 11000
San;tary Sewer
50,810
500
Watermain
34,665
500
Storm Sewer
3,190
300
Boulevard Sod
7,600
51000
Pond or Ditch Construction
1,000
11000
Street Signs
600
600
Street Sweeping &
Storm Sewer Cleaning
11000
1,000
Erosion Control
2,000
2,000
Site Grading
19,000
0
TOTALS
$167,175
$11,900
That the Letter of Credit which was previously reduced to $60,829 be further
reduced to $11,900 to reflect the completed work.
FURTHER BE IT RESOLVED that the street construction, concrete curb and gutter,
sanitary sewer, watermain and storm sewer are accepted, as of September 24, 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
and upon vote being taken thereon, the
followIng voted in tavor thereof: MaXpr Hunt- QnnrJ1mamhPrr navanonrt,
0Ilowing voted against ora sta n ; NnnA
Whereupon the Resolution was declared duly passed and a op —eJ—.