HomeMy WebLinkAboutCity Council Resolution 1980-705t to due call and notice thereof, a special meeting of
r Council of the City of Plymouth, Minnesota was Feld on t e
_ day of September 9 19 80. The following members were
Councilmember Neils introduced the following Resolution and
Rved its adoption:
RESOLUTION NO. 80-705
REDUCING DEVELOPMENT BOND
MISSION HILLS PARK 5TH ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated June 20, 1978, Mission
Hills Park 5th Addition Partnership, developer of Mission Hills Park 5th Addition
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:
MITEM ORIGINAL AMOUNT NEW AMOUNT
Street Construction $ 41,600 $ 2,080
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping 8
Storm Sewer Cleaning
Erosion Control
Site Grading (Trail)
Design, Admn., Insp.
TOTALS
22,900
17,200
6,800
4,600
1,000
300
1,000
1,000
36,8D0
15,984
$4-9,184
-0-
-0-
-0-
2,300
500
300
1,000
1,000
3,000
2 000
$ 1
That the Letter of Credit, which was previously reduced to $21,200, be further
reduced to $12,180 to reflect the completed work.