HomeMy WebLinkAboutCity Council Resolution 1980-269CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth,iNiinnesota was held on the
7th day of April , 19 80 , The following members were
present: Mayor Hunt, CouncilmembersavenporT, Hoyt, Neils and Schneider ,
The following members were absent: None
Co,ncilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80- 269
REDUCING DEVELOPMENT BOND
SEVEN PONDS EAST ADDITION (A-232)
WHEREAS, in accordance with the Development Contract, dated September 19, 1977,
Lundgren Bros. Construction, Inc., developer of Seven Ponds East Addition, 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
$ 58,430
$ 11,000
Sanitary Sewer
48,346
0
Watermain
53,360
0
Storm Sewer
15,410
0
Boulevard Sod
5,800
3,000
Pond or Ditch Construction
0
0
Street Signs
900
0
Street Sweeping &
Storm Sewer Cleaning
3,000
2,000
Erosion Control
2,500
1,000
Site Grading
28,980
0
TOTALS
$ 216,726
$ 17,000
That the Letter of Credit, which was previously reduced to $70,630 be further
reduced to $17,000 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: Mayor Hunt, Councilmembers Davenport,
Hoyt, Neils and Schneider ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.