HomeMy WebLinkAboutCity Council Resolution 1979-825CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota wasa df on the
17th day of December , 19 79. The following members were
present: Mayor Hunt Councilmembers Davenport, Neils and Sipaeth
The following members were absent: None
Co mcil7Iienber Davenport introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 79-825
REDUCING DEVELOPMENT BOND
MEDICINE LAKE ESTATES
A-723
WHEREAS, in accordance with the Development Contract, dated September 19, 1977,
Richard M. Smith, developer of Medicine Lake Estates (A-723), 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
$ 78,500
$ 7,850
Sanitary Sewer
78,900
0
Watermain
41,600
4,000
Storm Sewer
25,000
0
Boulevard Sod
9,200
9,200
Pond or Ditch Construction
0
0
Street Signs
450
450
Street Sweeping b
Storm Sewer Cleaning
2,500
2,500
Erosion Control
2,500
2,500
Site Grading
20,800
0
TOTALS
$259,450
$26,500
That the Letter of Credit, which was previously reduced to $107,550.00 be further
reducted to $26,500.00 to reflect the completed work.