HomeMy WebLinkAboutCity Council Resolution 1980-265CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a re lar meeting of
the City Council of the City of Plymouth, Minnesota was held on the
7th day of April , 19 80 . The following members were
present: _ Mayor Hunt, Councilmembers Davenport, Hoyt, Neils and Schneider.
The following members were absent: None
touncilm tuber Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80- 265
REDUCING DEVELOPMENT BOND
MISSION RIDGE 3RD ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated June 8, 1976, Lundgren
Bros. Construction, Inc., developer of Mission Ridge 3rd 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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Street Signs
Street Sweeping &
Storm Sewer Cleaning
Site Grading
TOTALS
ORIGINAL AMOUNT NEW AMOUNT
$ 26,450
2,645
58,060
0
19,550
0
10,700
0
6,450
0
450
0
1,000
0
11,500
0
$ 134,160 $ 2,645
That the Letter of Credit which was previously reduced to $15,845 be further
reduced to $2,645 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the
0 owing vote �n avor t ereo Maynr Hunt. Gouncilmember Davenport.
Hoyt. Neils and Schneider
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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