HomeMy WebLinkAboutCity Council Resolution 1980-704Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80 - 704
REDUCING DEVELOPMENT BOND
CEDAR RIDGE ADDITION (A-813)
WHEREAS, in accordance with the Development Contract, dated July 24, 1978, B -T
Land Company, Developer of Cedar Ridge Addition, 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
$ 92,75u
$ -0-
Sanitary Sewer
74,760
-0-
Watermain
67,460
_0_
Storm Sewer
32,480
_0 -
Boulevard Sod
15,000
15,000
Pond or Ditch Construction
11000
-0-
Street Signs
750
_0-
Street Sweeping &
Storm Sewer Cleaning
11000
11000
Erosion Control
2,000
2,000
Site Grading
81,000
_0 -
City Project 804
57,495
_0 -
Boulevard Trees
0
2.,070
TOTALS
$425,715
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