HomeMy WebLinkAboutCity Council Resolution 1980-260Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was held—on tthe
7th day of April , 1980 . The following members were
present:Ma or Hunt, Counclmem ers avenpor , Hoyt, Neils and Schneider
The following members were absent: None
rniincila]eWber Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-260
REDUCING DEVELOPMENT BOND
MISSION HILLS PARK 3RD ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated August 11, 1977, Mission
Hills West Development Corporation, developer of Mission Hills Park 3rd 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:
ITEM
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$ 26,400
$ 0
Sanitary Sewer
25,600
0
Watermain
21,900
0
Storm Sewer
4,000
0
Boulevard Sod
5,000
1,000
Pond or Ditch Construction
0
0
Street Signs
150
0
Street Sweeping &
Storm Sewer Cleaning
1,000
0
Erosion Control
1,000
0
Site Grading (Trail)
11,400
2,000
TOTALS
$ 96,450
$ 3,000
That the Letter of Credit which was previously reduced to $7,150 be further
reduced to $3,000 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 thereof: Mavor Hunt, Councilmembers Davenport,
Hoyt. Neils and Schneider
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.