HomeMy WebLinkAboutCity Council Resolution 1980-245CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, innesota was held on the
Zth day of A ril 19 80 . The following members were
present: Mayor Hunt, Counci memmers Uaven ori, Hoyt, Neils and Schneider
The follow ng members were a sen : None
�oljngilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-245
REDUCING DFVFLOPMENT BOND
BURL OAKS ADDITION (A-792)
WHEREAS, in accordance with the Development Contract, dated May 15, 1918,
Lundgren Bros., Construction, Inc., r)eveloper of Burl Oaks Addition (A-192), 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
$ 33,500
$ 16,750
Sanitary Sewer
25,000
0
Watermain
21,000
0
Sto na Sewer
20,000
0
Boulevard Sod
4,200
2,600
Pond or Ditch Construction
0
0
Street Signs
300
300
Street Sweeping &
Storm Sewer Cleaning
2,000
2,000
Erosion Control
2,000
2,000
Site Grading
10,400
0
TOTALS
$118,400
$ 23,650
That the Letter of Credit which was previously reduced to $31,350 be further reduced
to $23,650 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
rnsinr and upon vote being taken thereon, the
following vote �n avor t ereo Mayor Hunt, Councilmembers Davenport,
Hot Neils and Schneider
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed an a op e .