HomeMy WebLinkAboutCity Council Resolution 1979-633ttt
Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79-633
REDUCING DEVELOPMENT BOND
SCHMIDT LAKE HILLS (A-793)
WHEREAS, in accordance with the Development Contract, dated March 8, 1979, Elm
Creek Acres, Partnership, developers of Schmidt Lake Hills (A-793), 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
-
-
Sanitary Sewer
-
-
Watermain
-
-
Storm Sewer
-
-
Boulevard Sod
$11,800
$11,800
Pond or Ditch Construction
7,000
7,000
Street Signs
1,050
1,050
Street Sweeping &
Storm Sewer Cleaning
2,000
2,000
Erosion Control
2,000
2,000
Site Grading
59,000
1,000
Design, Adm., Insp.,As-Builts
7,080
0
TOTALS
$89,930
$24,850
That the Letter of Credit required be reduced.to $24,850 to reflect the completed
work.