HomeMy WebLinkAboutCity Council Resolution 1980-499CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was held on the
28th day of Julv , 1980 . The following members were
present: Mayor Hunt, Councilmembers Davenport. Hoyt and Schneider
The following members were absent: Councilmember Neils
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-499
REDUCING DEVELOPMENT BOND
WEST RIDGE ESTATES 2ND ADDITION (A-745)
WHEREAS, in accordance with the Development Contract, dated June 1, 1979, Laukka
and Associates, Inc., developer of West Ridge Estates 2nd Addition (A-745), 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
$ 63,075
$16,748
Sanitary Sewer
57,300
-0-
Watermain
44,550
-0-
Storm Sewer
22,060
-0-
Boulevard Sod
8,400
8,400
Pond or Ditch Construction
1,500
1,500
Street Signs
600
600
Street Sweeping &
Storm Sewer Cleaning
1,500
1,500
Erosion Control
1,500
1,500
Site Grading
38,700
3,870
Design, Adm., Insp.,As-Builts 28 702.20
TOTALS
5,000
$267, 87.20
$39,118
That the Letter of Credit which
was previously reduced
to $53,685 be further reduced
to $39,118 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Ho t , and upon vote being taken thereon, the
following voted to favor the Mayor Hunt, Councilmembers Davenport-.- �
Ho t and Schneider
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The following voted against -or asta.ne ; None
Whereupon the Resolution was declared duly passed and adopted.
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