HomeMy WebLinkAboutCity Council Resolution 1980-258Pursuant to due call and notice * ,ereof, a re ular meeting .)f
the City Council of the City of Plymouth, Minnesota was held on the
7th day of April , 19 80.The following members were
' present: Ma or Hunt, Counci mem ers avenpoor�;Hoyt, Neils and Schneider
The following members were absent: None
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-258
REDUCING DEVELOPMENT BOND
MISSION HILLS PARK ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated June 28, 1976, Mission
West Development Corporation, developer of Mission Hills Park Addition (A-338) 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:
10 ITEM
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Ponds
Street Signs
Street Sweeping &
Storm Sewer Cleaning
Trails
TOTALS
ORIGINAL AMOUNT NEW AMOUNT
$ 14,500
$ 1,450
15,500
0
12,500
0
2,700
0
4,000
0
2,000
0
50
0
300 0
2,000 2,000
$ 53,550 $ 3,450
That the Letter of Credit which was previously reduced to $9,750 be further
reduced to $3,450 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
rnijnr.ilupjUhA� Hoyt , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Hunt, Councilmembers Davenport,
Neils and Schneider •
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.