HomeMy WebLinkAboutCity Council Resolution 1979-718CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was held on the
22nd day of October , 19_ZL. The following members were
present: _Mayor Hunt, fniinrilmamharc navanpnn' ljngt,--WeilS and gpa0th
The following members were absent: None
Councilmember Spaeth introduced the following Resolution and
moved its adoption:
RESOLUTION N0. 79-718
REDUCING DEVELOPMENT BOND
CIRCLE STAR BUSINESS CENTER 3rd ADDITION (A-403)
WHEREAS, in accordance with the Development Contract, dated March 27, 1978,
Rauenhurst Corp., developer of Circle Star Business Center, ha-
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 Developient 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
$ 79,075
$ -0-
Sanitary Sewer
24,000
-0-
Watermain
34,880
-0-
Storm Sewer
43,750
-0-
Boulevard Sod
5,000
4,000
Pond or Ditch Construction
-0-
-0-
Street Signs
150
150
Street Sweeping &
Storm Sewer Cleaning
1,000
1,000
Erosion Control
1,000
1,000
Site Grading
-0-
-0-
TOTALS $188,855 $6,150
That the Letter of Credit which was previously reduced to $13,550 be further reduced
to $6,150 to reflect the completed work.
FURTHER BE IT RESOLVED that the streets with concrete curb and gutter are accepted,
as of October 22, 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 vote in avor thereo :
Hoyt, Neils n ,
the following voted against or abstained:
Whereupon the Resolution was declared duly passed and adopted,