HomeMy WebLinkAboutCity Council Resolution 1979-794CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a reaula meeting of
the City Council of the City of Plymouth, Minnesota was held --one
3rd day of p ramhar , 19_2.cL. The following members were
present:
The following members were absent: Councilmember Dav
Councilmember Hoyt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79-794
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), 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
$ 134,834.00
$ 107,000.00
Sanitary Sewer
125,510.00
12,551.00
Watermain
77,841.00
7,784.00
Storm Sewer
45,510.00
4,551.00
Boulevard Sod
10,200.00
10,200.00
Pond or Ditch Construction
1,000.00
0.00
Street Signs
600.00
600.00
Street Sweeping &
Storm Sewer Cleaning
11500.00
1,500.00
Erosion Control
1,500.00
1,500.00
Site Grading
177,990.00
81900.00
Design9Adm.,Insp.,As-Builts
69,178.20
7,000.00
TOTALS
$ 645,663.20
$ 161,586.00
That the Letter of Credit required which was previously reduced to $286,016.00
be further reduced to $161,586.00 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
fol lowleng vote in avor t ereo : J+lavur Hunt, fn�inri lmsmhor c }{pit
The 0 ow ng vote against ora sta ne ; None
Whereu,pon the Resolution was declared duly passed and adopted,