HomeMy WebLinkAboutCity Council Resolution 1980-541CITY 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 were
present: Mayor Hunt Counci members Davenport, Hoyt and Schneider
The following members were absent: CouncilmemDer Neils
Councilmember Hoyt introduced the following Resolution and
moved its adoption:
RESOLUTION NO.80-541
REDUCING DEVELOPMENT BOND
HERITAGE ESTATES 2ND ADDITION (A-824)
WHEREAS, in accordance with the Development Contract, dated June 16, 1980, The
Medford Corporation, developer of Heritage Estates 2nd 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
$34,975
$ 3,500
Sanitary Sewer
29,917
-0-
Watermain
13,447
-0-
Storm Sewer
1,700
-0-
Boulevard Sod
49200
4,200
pe" -&r -Dine# G rde itm
Street Signs
300
300
Street Sweeping &
Storm Sewer Cleaning
500
500
Erosion Control
500
500
Design, Adm., Insp., As-Builts
10,265
11000
TOTALS
$95,804
$101000
That the letter of credit required which was previously reduced Lo $13,845 be further
reduced to $10,000 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Davenport , and upon vote being taken thereon. the
following vote to favor thereof; Mayor Hunt, Councilmembers Davenport,
Hoyt and Schneider
TWe—rollowing voted against orabstained;
Whereupon the Resolution was declared duly passed and adopted,