HomeMy WebLinkAboutCity Council Resolution 1980-408CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouk,h, Minnesota was held on the
23rd day of June , 19_a. The following members were
present: Mayor Hunt Councilmembers
The following members were absent: Councilmembers Davenport and Neils
tf*
Councilmemb r Schneid introduced the following Resolution and
moved its adoption:
RESOLUTION NO. .30-408
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
NEW AMOUNT
Street Construction $
134,834.00
$ 32,100
Sanitary Sewer
125,510.00
11000
Watermain
77,841.00
-0-
Storm Sewer
45,510.00
-0-
Boulevard Sod
10,200.00
10,200
Pond or Ditch Construction
11000.00
11000
Street Signs
600.00
600
Street Sweeping &
Storm Sewer Cleaning
1,500.00
1,500
Erosion Control
1,500.00
1,500
Site Grading
177,990.00
8,900
Design, Adm., Insp.,As-Builts
69,178.20
3,500
TOTALS $
645,663.20
$ 60,300
That the Letter of Credit required which was previously reduced to $81,625 be
further reduced to $60,300 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
CgWpcijmPmhPg 4nXt and upon vote being taken thereon, the
following vote in favor t ereo : Mayor Hunt, Councilmembers Hoyt and Schneider
The following vo against ora sta.ne ; None
Whereupon the Resolution was declared duly passed and adopted.
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