HomeMy WebLinkAboutCity Council Resolution 1980-188CITY 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
17th day of March , 1980 . The following members were
present: Acting ayore1 s, ounce members Hoyt and Schneider
The following members were absent: Mayor Hunt, Councilmem er Davenpor
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80- 188
REDUCING DEVELOPMENT BOND
MAPLE CREEK ADDITION (A-350)
WHEREAS, in accordance with the Development Contract, dated March 23, 1978,
Mortgage Company, developer of r1aple Creek Addition (A-350), 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
$ 50,945
$ 0
Sanitary Sewer
35,370
0
Watermain
23,250
0
Storm Sewer
22,350
0
Boulevard Sod
12,000
8,000
Pond or Ditch Construction
2,500
2,500
Street Signs
1,050
0
Street Sweeping &
Storm Sewer Cleaning
1,000
11000
Erosion Control
1,000
11000
Site Grading
100,000
0
TOTALS
$249,465
$12,500
That the letter of credit be reduced to $12,500 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 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
Pouncilmgmber Hoyt , and upon vote being taken thereon. the
5011owIng yoted In fayor t ereo : _Acting Mayor Neils, Councilmembers
Qgy4 and Schneider
Ine following voted against or abstained;
Whereupon the Resolution was declared duly