HomeMy WebLinkAboutCity Council Resolution 1980-540CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was held on the
4th day of August 19 80. The following members wf -
present: Ma or Hunt Councilmembers Daven ort Ho t an S i r
The follow ng me ers were absent: OMO member Neils
Councilmember Hoyt introduced the following Resolution and
move its adoption:
RESOLUTION NO.80-540
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 word:,
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
$10,700
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
1,500
1,500
Site Grading
177,990
8,900
Design, Adm., Insp., As-Builts
69,178.20
3,500
TOTALS
$645,663.20
$38,900
That the letter of credit required which was previously reduced to $49,600 be
further reduced to $38,900 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Da en r and upon vote being taken thereon, the
following vo e nfavor t ems: Mavor Hunt COunri lmamhgrs navangeIrt,,
Ho t and Schneider TW following vote against orabstained; non
Whereupon the Resolution was declared duly passed and adopte