HomeMy WebLinkAboutCity Council Resolution 1980-264Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was held on the
7th day of April 19 80 . The following member$ were
present: Mayor Hunt, Counci mem ersavenp�, Hoyt, Neils and Schneider
The following members were absent: one
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80- 264
REDUCING DEVELOPMENT BOND
MISSION RIDGE 2ND ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated June 8, 1976, Lundgren
Bros. Construction, Inc., developer of Mission Ridge 2nd Addition (A-338), have
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
$ 36,500
3,650
Sanitary Sewer
29,900
0
Watermain
22,500
0
Storm Sewer
4,700
0
Boulevard Sod
6,000
0
Street Signs
525
0
Street Sweeping &
Storm Sewer Cleaning
1,000
0
Site Grading
18,200
0
TOTALS
$ 119,325
$ 3,650
That the Letter of Credit which was previously reduced to $11,970 be further
reduced to $3,650 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 twof: Mayor Hunt, Councilmember Davenport,
Hoyt, Neils and Schneider
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.