HomeMy WebLinkAboutCity Council Resolution 1980-253CITY 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 April , 19 80 The following members were
present: Mayor Hunt, ounce mem ers Davenport, Hoyt, Neils and Schneider.
The following members were absent: None
Counci_lmember Schneider introduced the following Resolution and
moved itsoption:
RESOLUTION NO. 80-253
REDUCING DEVELOPMENT BOND
FERNDALE NORTH 2ND ADDITION (A-615)
WHEREAS, in accordance with the Development Contract, dated March 27, 1977,
Lundgren Brothers Construction, Inc., developer of Ferndale North 2nd 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
$ 28,824
$ 2,800
Sanitary Sewer
33,658
0
Watermain
31,055
0
Storm Sewer
13,981
0
Boulevard Sod
4,800
0
Pond or Ditch Construction
0
0
Street Signs
150
0
Street Sweeping &
Storm Sewer Cleaning
3,000
0
Erosion Control
0
0
Site Grading
12,000
0
Parks
20,000
20,000
TOTALS
$147,468
$ 22,800
That the Letter of Credit, which was previously reduced to $27,232 be further reduced
to $22,800 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by'
Councilmember Schneider , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Hunt, Councilmembers Davenport,
_ Hoyt, Neils and Schneider
The following voted against or abstained: None .
Whereupon the Resolution was declared duly pissed and adopted.
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