HomeMy WebLinkAboutCity Council Resolution 1980-261CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth,Minn sota was a on the
7th day of April 19 8(� The following members were
present: Mayor Hunt, Councimem ers Davenpor , Hoyt, Neils and Schneider
The following members were absent: None
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80- 261
REDUCING DEVELOPMENT BOND
MISSION HILLS PARK 4TH ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated August 15, 1977, Mission
Hills Park 4th Addition Partnership, developer of Mission Hills Park 4th 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
$ 43,700
$ 4,300
Sanitary Sewer
64,700
0
Watermain
41,100
0
Storm Sewer
10,000
0
Boulevard Sod
6,200
6,200
Street Signs
300
300
Street Sweeping &
Storm Sewer Cleaning
1,000
1,000
Erosion Control
1,000
11000
Site Grading
0
0
Park Improvements
40.700
5,000
Pond or Ditch Construction
3,000
0
TOTALS
$ 211,700
$ 17,800
That the Letter of Credit he reduced to $17,800 to reflect the completed work.
FURTHER BE IT RESOLVED that the street construction, concrete curb and gutter,
sanitary sewer, watermain and storm sewer 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 voted in favor thereof: Mavor Hunt. Councilmembers Davenport,
Hoyt. Neils and Schneider
The following voted against or abstained:
Whereupon the Resolution was declared duty pa