HomeMy WebLinkAboutCity Council Resolution 1979-632Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was held on the
24th day of SpptPmhPr 19 79. The following members were
present:
The following members were absent:
Councilmember Spaeth introduced the following Resolution and
moved is adoption:
RESOLUTION NO. 79-632
REDUCING DEVELOPMENT BOND
HERITAGE ESTATES ADDITION (A-824)
WHEREAS, in accordance with the Development Contract, dated July 18, 1979, The
Medford Corporation, developer of Heritage Estates Addition (A-824),
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
$ 134,834.00
$ 134,834,00
Sanitary Sewer
125,510.00
125.510.00
Watermain
77,841.00
77,841.00
Storm Sewer
45,510.00
45,510.00
Boulevard Sod
10,200.00
10,200.00
Pond or Ditch Construction
1,000.00
1,000.00
Street Signs
600.00
600.00
Street Sweeping &
Storm Sewer Cleaning
1,500.00
1,500.00
Erosion Control
11500.00
1,500.00
Site Grading
177,990.00
37,990.00
Design,Adm.,Insp.,As-Builts
69,178.20
52,380.00"
TOTALS
$ 645,663.20
$ 488,865.00
That the Letter of Credit required be reduced to $488,865.00 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
following vote 1h favor thereof; Mavnr Minty rntinr,'ImMbers Damempoat
Hoyt and Spaeth
The following vote against or a sta ne ; Nnnp
Whereupon the Resolution was declared duly passed and adopted.