HomeMy WebLinkAboutCity Council Resolution 1979-750CITY OF PLYMOUTH
Pursuant to due call and notice thereof, ailar meeting of
the City Council of the City of Plymouth, Minnesota was held on the
5th day of November , 19_a. The following members were
present: Mayor Hunt. Councilmembers Hoyt. Neils and Spaeth_
The following members were absent: Councilmember DavenDor
tieir:
*•f
Councilmember Hoyt introduced the following Resolution and
moved its adoption;
RESOLUTION NO. 79-750
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
$ 107,000.00
Sanitary Sewer
125,510.00
15,306.00
Watermain
77,841.00
46,704.00
Storm Sewer
45,510.00
27,306.00
Boulevard Sod
10,200.00
10,200.00
Pond or Ditch Construction
1,000.00
0
Street Signs
600.00
600.00
Street Sweeping &
Storm Sewer Cleaning
1,500.00
1,500.00
Erosion Control
1,500.00
1,500.00
Site Gradin gq
177,990.00
8,900.00
Design,Adm.,.& sp.,As-Builts
69,178.20
7,000.00
TOTALS
$ 645,663.20
$ 286,016.00
That the Letter of Credit required which was previously reduced to $488,865.00
be further reduced to $286,016.00 to reflect the completed work.
The notion for the adoption of the foregoing Resolution was duly seconded by
, and upon vote being taken thereon, the
following Voted in favor thereof: ,mor Hunt-rnujnrilmamhare INnv+
Neils and Spaeth
TW757lowing voted against or a sta ne :
Whereupon the Resolution was declared duly passed and adopted,