HomeMy WebLinkAboutCity Council Resolution 1980-259CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, innesota was heig on the
7th day of _ April 19 80 . The following members were
present: _Mayor Hunt, Councilmem e�6avenpor, Hoyt, Neils and Schneider
The following meters were absent: NoFe
cqijncilmeMber Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-259
REDUCING DEVELOPMENT BOND
MISSION HILLS PARK 2ND ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated August 23, 1976, Mission
West Development Corporation, developer of Mission Hills Park 2nd Addition (A-338) has
agreed to install certain improvements for said development, and
WHEREAS, the Developer has completed a portion of the street, utilii.y 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
Street Signs
Street Sweeping &
Storm Sewer Cleaning
Site Grading
TOTALS
ORIGINAL AMOUNT
NEW AMOUNT
$ 46,000
$ 4,600
48,800
0
34,000
0
19,000
0
10,000
0
300
0
1,000 0
20,000 0
$ 179,100 $ 4,600
That the Letter of Credit which was previously reduced to $20,600 be further
reduced to $4,600 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 to favor 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.