HomeMy WebLinkAboutCity Council Resolution 1980-252CITY OF PLYMOUTH'
Pursuant to due call and notice thereof, a regular meeting of
the Ci?R Council of the Ciy ofi Plymouth, migsesota was a on he
day of Pri 119 . The following members were
present: _Mayor Hunt, Councimem des avenpo� Hoyt, Neils and Schneider
The following members were absent: one
t;*
Councilmember Schneider _ introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-252
REDUCING DEVELOPMENT BOND
FERNDALE NORTH ADDITION (A-615)
WHEREAS, in accordance with the Development Contract, dated April 19, 1976,
Lundgren Brothers Construction, Inc., developer of Ferndale North Addition (A-615),
have 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
$ 114,041
$ 3,000
Sanitary Sewer
101,488
0
Watermain
75,330
0
Storm Sewer
30,681
0
Boulevard Sod
20,000
11000
Ponds
20,000
0
Street Signs
1,200
0
Street Sweeping &
Storm Sewer Cleaning
1,000
1,000
TOTALS
$363,740
$ 5,000
That the Letter o.' Credit, which was previously reduced to $42,404 be further reduced
to $5,000 to reflect the completed work
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter
are accepted as of April 7, 1980, for continual maintenance subject to the one year
guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was dulyseconded b
Y
rniinrilWelphpC Hoyt and upon vote being taken thereon, the
following voted in favor thereof: yor Hunt, Councilmembers Davenport,
Hoyt, Neils and Schneider
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.