HomeMy WebLinkAboutCity Council Resolution 1980-255CITY 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 1980 . The following members were
present: Mayor Hunt Councilmembers Davenport, Hoyt, Neils and Schneider
The following members were absent: None
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80 -255
REDUCING DEVELOPMENT BOND
FERNDALE NORTH 4TH ADDITION (A-615)
WHEREAS, in accordance with the Development Contract, dated July 5, 1979,
Lundgren Bros. Construction, Inc., developer of Ferndale North 4th Addition (A-615)
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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping &
Storm Sewer Cleaning
Erosion Control
Site Grading
TOTALS
ORIGINAL AMOUNT NEW AMOUNT
$ 55,000
$ 8,500
50,100
10,000
23,500
4,700
14,500
2,900
5,800
5,200
2,000
11000
450
450
1,500
1,500
1,500
1,000
6,000
4,000
19,242
5,000
$179,592
$ 44,250
That the Letter of Credit be reduced to $44,250 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Hoyt , and upon vote being taken thereon, the
following voted in favor there -o : Mayor Hunt, Councilmember Davenport,
Hot Neils and Schneider
TFe-Tollowing voted against or a sta.ne ; None
Whereupon the Resolution was declared duly passea and adopted,