HomeMy WebLinkAboutCity Council Resolution 1980-665CITY 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, Councilmemm ers Hoyt and Schneider
The following members were absent: Mayor Hunt, Councilmember Neils
Counc4lmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-665
REDUCING DEVELOPMENT BOND
FOX GLEN ADDITION (A-814)
WHEREAS, in accordance with the Development Contract, dated September 14, 1979,
Zachman Homes, Inc., developer of Fox Glen Addition (A-814), 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
$ 140,073
$ 0
Sanitary Sewer
87,365
0
Watermain
46,578
0
Storm Sewer
31,418
0
Boulevard Sod
10,800
5,400
Pond or Ditch Construction
0
0
Street Signs
750
0
Street Sweeping &
Storm Sewer Cleaning
1,500
1,500
Erosion Control
2,000
2,000
Site Grading
54,000
0
2,300
0
45,214.08
0
TOTALS
$ 421,998.08
$ 8,900
That the Letter of Credit which was previously reduced to $34,922 be further
reduced to $8,900 to refect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Hoyt , and upon vote being taken thereon. the
following voted in favor t ereo : Acting Mayor Davenport, Councilmembers
Ho t and Schneider
e fol lowing yotea against orabstained; None
Thereupon the Resolution was declared duly pa%sea and adopted,