HomeMy WebLinkAboutCity Council Resolution 1980-500CITY 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 July , 19 80. The following members were
present: Mavor Hunt. Councilmembers Davenport, Hoyt and Schneider
The following members were absent: Councilmember Neils
Cpuncilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO.80 - 500
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
$21,400
Sanitary Sewer
125,510
1,000
Watermain
77,841
-0-
Storm Sewer
45,510
-0-
Boulevard Sod
10,200
10,200
Pond or Ditch Construction
1,000
1,000
Street Signs
600
600
Street Sweeping &
Storm Sewer Cleaning
1,500
1,500
Erosion Control
11500
11500
Site Grading
177,990
8,900
Design, Adm., Insp.,As-Builts
69,178.20
3,500
TOTALS
$645,663.20
$49,600
That the Letter of Credit required which was previously reduced to $60,300 be
further reduced to $49,600 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
10 following vote in favor thereof Mayor Hunt, Councilmembers Davenport,
Ho t and Schneider
The following vote against or abstained; on ,
Whereupon the Resolution was declared duly passed and adopted.
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