HomeMy WebLinkAboutCity Council Resolution 1980-257Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was heldon the
7th day of April , 19 80. The following members were
present: _Mayor Hynt, Councilmembers Davenport, Hoyt, Neils and Schneider .
The following members were absent: None
r �,�nr_ilme ber Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80- 257
REDUCING DEVELOPMENT BOND
KINGSWOOD FARM ADDITION (A-759)
WHEREAS, in accordance with the Development Contract, dated August 9, 1978,
Centurion Company, developer of Kingswood Farm Addition (A-759) has agreed t
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
$ 134,900
$ 0
Sanitary Sewer
125,500
0
Watermain
105,300
0
Storm Sewer
54,800
0
Boulevard Sod
16,800
16,800
Ponds
0
0
Street Signs
1,800
11800
Street Sweeping &
Storm Sewer Cleaning
1,500
1,500
Erosion Control
2,000
2,000
Site Grading
41,000
0
Design, Admn., Insp., etc.
58,032
0
TOTALS
$ 541,632
$ 22,100
That the Letter of Credit, which was previously reduced to $39,860 be further
reduced to $22,100 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 duly seconded by
Councilmember Hoyt and upon vote being taken thereon, the
following vote inavor thereof: —Mayor Hunt, Councilmembers Davenport,
Hot Neils and Schneider
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.