HomeMy WebLinkAboutCity Council Resolution 1980-663CITY 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
15th day of September , 19 80. The following members were
present: Actinq Mayor Davenport, Councilmembers Hoyt and Schneider
The following members were absent: Mayor Hunt, Councilmember Neils
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80 -663
REDUCING DEVELOPMENT BOND
KINGSWOOD FARM ADDITION (A-759)
WHEREAS, in accordance with the Development Contract, dated August 9, 1978,
Centurion Company, developer of Kingswood Farm Addition (A-759), 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
$ 134,900
$ 0
Sanitary Sewer
125,500
0
Watermain
105,300
0
Storm Sewer
54,800
0
Boulevard Sod
Pond or Ditch Construction
16,800
0
10,000
Street Signs
1,800
'
0
0
Street Sweeping &
Storm Sewer Cleaning
1 500
1,500
Erosion Control
2,000
2,000
Site Grading
41,000
0
Design, Admn., Insp., etc.
58,032
0
TOTALS
$ 541,632
$ 13,500
That the Letter of Credit, which was previously reduced to $22,100 be further
reduced to $13,500 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
following Yo e n tavor thereof; Acting Mayor Davenport, Councilmembers
Ine Tartowing voLea against or abstained;
Whereupon the Resolution was declared duly