HomeMy WebLinkAboutCity Council Resolution 1980-309CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was held on the
5th _ day of Mav 19_=. The following members were
present: Mayor Hunt.
The following members were absent: None
.ojnrilmemher NPilc introduced the following Resolution and
saved its adoption:
RESOLUTION NO. 80-309
REDUCING DEVELOPMENT BOND
WIND RIDGE ON BASS LAKE (A-755)
WHEREAS, in accordance with the Development Contract, dated April 24, 1978, Lundgren
Bros. Construction, Inc., developer of Wind Ridge on Bass Lake (A-755), 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
$ 46,552
4,600
Sanitary Sewer
60,100
500
Watermain
23,450
500
Storm Sewer
6,750
-0-
Boulevard Sod
5,000
4,500
Pond or Ditch Construction
0
0
Street Signs
600
600
Street Sweeping b
Storm Sewer Cleaning
2,000
2,000
Erosion Control
3,000
2,000
Site Grading
10,440
0
TOTALS
157,892
14,700
That the Letter of Credit, which was previously reduced to $17,900 be further
reduced to $14,700 to reflect the completed work.
FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer are
accepted, as of May 5, 1980, for continual maintenance subject to the one year
guarantee by the Developer.
The notion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Ho t , and upon rote being taken thereon, the
following vo n ravor thereof: Mayor Hunt, CoUncilmembers D_avgnoorrz
Hoyt, Neils and Schneider •
The following vote against or abstalne4t None •
Whereupon the Resolution was declared duly passed an adopted,