HomeMy WebLinkAboutCity Council Resolution 1980-542CITY OF PLYMOUTH
Pursuant to due call and nDtice thereof, a re ular meeting of
the City Council of the City of Plymouth, Minnesota was held on the
th day of August , 19 80. The following members were
present: Mayor Hunt. Counqilmembers Davenport, Hoyt and Schneider
The following members were absent: Councilmember Neils
CQuncilmember Hoyt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-542
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
$2,900
Sanitary Sewer
21,183
-0-
Watermain
23,553
-0-
Storm Sewer
-0-
-0-
Boulevard Sod
3,000
3,000
Pond or Ditch Construction
-0-
-0-
Street Signs
150
150
Street Sweeping &
Storm Sewer Cleaning
500
500
Erosion Control
500
500
Sika .Cath ng
Design, Adm., Insp., As-Builts 9,349
1,000
TOTALS
$87,260
$8,050
That the letter of credit required which was previously reduced to $10,150
be further reduced to $8,050 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 n favor thereof; MayorHunt,,Councilmembers Davenport,
Ho t and Schneider
The following voted against ora sta ne ; none
Whereupon the Resolution was declared duly passed and adopted,
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