HomeMy WebLinkAboutCity Council Resolution 1980-664CITY 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: Acting 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.EO - 664
"EDUCING DEVELOPMENT BOND
CIMARRON EAST (A-295)
WHEREAS, in accordance with the Development Contract, dated April 28, 1978,
Cheyenne Land Company, Developer of Cimarron East (A-295), 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
$ 84,300
$ 0
Sanitary Sewer
142,200
0
Watermain
109,800
0
Storm Sewer
34,200
0
Boulevard Sod
6,200
2,000
Pond or Ditch Construction
0
0
Street Signs
1,350
0
Street Sweeping &
Storm Sewer Cleaning
2,000
500
Erosion Control
2,000
500
Site Grading
25,000
0
Private Street Construction
136,000
1,000
Landscaping
20,000
0
Pool
15,000
0
TOTAL
$578,050
$4,000
That the Letter of Credit, which was previously reduced to $28,200 be further
reduced to $4,000 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the
following vote !.n favor thereo :A, cting Mayor Daygnoort, Counrilmembers
Ho t and Schneider
The following voted against ora sta.ne : None
Whereupon the Resolution was declared duly passed and adopted,