HomeMy WebLinkAboutCity Council Resolution 1980-034CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was held on the
7th day of Januar 19 80. The following members were
present: Mayor Hunt, Councilmembers Davenport, Hoyt, Neils and Schneider
The following members were absent: Mone
Councilmember Hoyt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80 - 34
REDUCING DEVELOPMENT BOND
MINNEAPOLIS INDUSTRIAL PARK, 3RD ADDITION (A-199)
WHEREAS, in accordance with the Development Contract, dated August 15, 1977, Carlson
Properties, Inc., developer of Minneapolis Industrial Park, 3rd Addition, 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 $ 96,300 $ 2,000
Sanitary Sewer 30,200 0
Watermain 63,900 6,390
Storm Sewer 46,000 0
Boulevard Sod 7,500 5,000
Pond or Ditch Construction 10,000 0
Street Signs 75 0
Street Sweeping &
Storm Sewer Cleaning 11000 1,000
Erosion Control 5,000 5,000
Site Grading 78,400 0
TOTALS $338,375 $19,390
That the Letter of Credit which was previously reduced to $64,065.00 be further
reduced to $19,390.00 to reflect the completed work.
FURTHER BE IT RESOLVED that the street construction, concrete curb and gutter,
sanitary sewer, watermain and storm sewer are accepted, as of January 7, 1980,
for continual maintenance subject to the one year guarantee by the developer.