HomeMy WebLinkAboutCity Council Resolution 1980-267Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was eld—on the
7th day of April , 19 80 . The following members were
present:
May Hunt, ounce mem ers avenport Hoyt, Neils and Schneider _
following
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-267
REDUCING DEVELOPMENT BOND
SCHMIDT LAKE ESTATES ADDITION (A-647)
WHEREAS, in accordance with the Development Contract, dated April 12, 1977, Lundgren
Bros. Construction Inc., developer of Schmidt Lake Estates Addition (A-647), 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
$ 10,650
$ 0
Sanitary Sewer
0
0
Watermain
0
0
Storm Sewer
0
0
Boulevard Sod
12,500
0
Pond or Ditch Construction
0
0
Street Signs
750
0
Street Sweeping &
Storm Sewer Cleaning
2,000
0
Park Improvements
0
0
Site Grading
9,000
0
TOTALS
$ 34,900
$ 0
That the Letter of Credit, which was previously reduced to $24,250 be further
reduced to $ 0.00 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 t ereo Mayor Hunt, Councilmembers Davenport,
Hoyt, Neils and Schneider
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.