HomeMy WebLinkAboutCity Council Resolution 1980-352CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the Cit of Plymouth, Minnesota was held on the 27th
day of �y , 19 80. The following members were
present: Acting -Mayor Davenport, Councilmembers Hoyt. Neils and Schneider
The following members were absent: Mayor Hunt
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Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80- 352
REDUCING DEVELOPMENT BOND
HERITAGE ESTATES ADDITION (A-824)
WHEREAS, in accordance with the Development Contract, dated July 18, 1979, The
Medford Corporation, developer of Heritage Estates Addition (A-824), 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
Street Construction $
134,834.00
Sanitary Sewer
125,510.00
Watermain
77,841.00
Storm Sewer
45,510.00
Boulevard Sod
10,200.00
Pond or Ditch Construction
11000.00
Street Signs
600.00
Street Sweeping b
Storm Sewer Cleaning
1,500.00
Erosion Control
11500.00
Site Grading
177,990.00
Design, Adm. ,Insp. ,As-BuiIts
69,178.20
TOTALS $
645,663.20
NEW AMOUNT
$ 48,150
6,275
-0-
-0-
10,200
11000
600
1,500
1,500
8,900
3,500
$ 81,625
That the Letter of Credit required which was previously reduced to $161,586 be
further reduced to $81,625 to reflect the completed work.
Theounci lm mf berthe Nei adoption of t, and~uppoonnvvote being taklution e thereon. the
by
following yo n favor thereof: ActinaMayor- Davenport
Hoyt, Neils and Schneider •
The following vo aga ns oras a n
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thepon the Resolution was declared duly passed and a p .
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