HomeMy WebLinkAboutCity Council Resolution 1980-473CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was Feld—on the
21st day of July 19 80. The following members were
present: Mayor unt, ounc mem ersaven oar , Neils and Schneider
The following members were absent: CouncilmeMber Hoyt
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-473
REDUCING DEVELOPMENT BOND
HERITAGE ESTATES 3RD ADDITION (A-824)
WHEREAS, in accordance with the Development Contract, dated June 16, 1980, The
Medford Corporation, developer of Heritage Estates 3rd 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
$29,025
$ 5,000
Sanitary Sewer
21,183
-0-
Watermain
23,553
-0-
Storm Sewer
-0-
-0-
Boulevard Sod
3,000
3,000
Peed-er-94-t,0-Cew, uo#
Street Signs
150
150
Street Sweeping &
Storm Sewer Cleaning
500
500
Erosion Control
500
500
5f te-Gred4"j
Design, Adm., Insp., As-Builts
9,349
11000
TOTALS
$87,260
$10,150
That the Letter of Credit required be reduced to $10,150 to reflect the completed
work.
FURTHER BE IT RESOLVED that the sanitary sewer and watermain are accepted as of July
21, 1980, for continual maintenance subject to the one year guarantee by the Developer.