HomeMy WebLinkAboutCity Council Resolution 1980-598CITY 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
25th day of August , 19 80, The following members were
present: Mayor Hunt. Councilmember; Davenoor . Hoyt. Neils and Schneider
The following members were absent: None
Councilmember Hoyt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80 -598
REDUCING DEVELOPMENT BOND
FOX GLEN ADDITION (A-814)
WHEREAS, in accordance with the Development Contract, dated September 14, 1979,
Zachman Homes, Iic., developer of Fox Glen Addition (A-814), has
agreed to install certain improvements fur 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,
MIN14ESOTA that the bonding requirements are reduced as follows:
ITEM
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$ 140,073.00
$ 7,004
Sanitary Sewer
87,365.00
4,368
Watermain
46,578.00
2,329
Storm Sewer
31,418.00
1,571
Boulevard Sod
10,800.00
5,400
Pond or Ditch Construction
0.00
0
Street Signs
750.00
750
Street Sweeping &
Storm Sewer Cleaning
1,500.00
1,500
Erosion Control
2,000.00
2,000
Site Grading
54,000.00
2,700
Park Improvemer,s (Trail)
2,300.00
2,300
Desion, Adm., insp., As-Builts
45,214.08
5,000
TOTALS
$421,998.08
$ 34,922
That the Letter of Credit which was
previously reduced to
$104,600 be further
reduced to $34,922 to reflect the
completed work.
FURTHER BE IT RESOLVED that the street
construction and concrete
curb and gutter are
accepted, as of August 25, 1980 for continual maintenance
subject to the one year
guarantee by the Ceveloper.
The motion for the adoption of
the foregoing Resolution
was duly seconded by
Councilmember Neils
and upon vote being taken thereon, the
following voted in favor the reo
Mayor Hunt. Councilmembers
Davgnoort-
Ho t, Neils and Schneider
TFe—rollowing voted against ora
sta ne one
Whereupon the Resolution was declared duly passed and adopted.