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HomeMy WebLinkAboutCity Council Resolution 1980-187CITY OF PLYMOUTH Pursuant to due tail and notice thereof, a regular meeting of the City Council of the City of Plymouth, Minnesota was held on the 17iday of March , 19 80. The following members were present: Acting Mayor Neils, Councilmembers Ho t and Schneider The following members were absent: Mayor Hunt, Councilmember avenport Councilmember Schneider introduced the following Resolution and moved its adoption: RESOLUTION NO. 80-187 REDUCING DEVELOPMENT BOND EVONNES LAKEVIEW ADDITION (A-819) WHEREAS, in accordance with th3 Development Contract, dated May 21, 1979, Edward T. Johnston, developer of Evonnes Lakeview Addition (A-819), 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 $ 66,900 $ 6,690 - Sanitary Sewer 44,500 0 Watermain 38,300 0 Storm Sewer 14,800 0 Boulevard Sod 6,200 6,200 Pond or Ditch Construction 1,000 0 Street Signs 750 750 Street Sweeping & Storm Sewer Cleaning 1,500 1,500 Erosion Control 1,500 1,500 Site Grading 34,000 0 Desiqn, adm., insp. 25,134 803 Larch Lane Improvement 23,303 23,303 TOTALS $257,887 $40,746 That the letter of credit be reduced to $40,746 to reflect the completed work. FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer are accepted as of March 17, 1980 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 Councilmember Hoyt , and upon vote being taken thereon. the f"011owing voted in tavor the : _ Acting Magor Neils. Councilmembers,yovt pnd Schneider . Ine to owing voted against oabstained-, Nope Whereupon the Resolution was declared duly passed and adopted.