HomeMy WebLinkAboutCity Council Resolution 1980-706GITT OF 'PLYf7f)UTH
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was held on t e
990,1 day of septpmhor, 19M_. The following members were
present: nert-'Nails-and Srhnaidar _.
The following members were absent: QunrilnPmhar Hoyt
tr►�r ttr �r•
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80 - 706
REDUCING DEVELOPMENT BOND
NATHAN TRAILS ADDITION (A-698)
WHEREAS, in accordance with the Development Contract, dated May 15, 1978, Meadow
Corporation, developer of Nathan Trails Addition (A-698), 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
reflect the completed work,
Development Bond to
NOW, THEREFORE, BE IT RESOLVED
MINNESOTA that the bonding requirements
BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
are reduced as follows:
' ITEM
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$ 108,570
$ 5,400
Sanitary Sewer
83,210
-0-
Watermain
Storm Sewer
66,640
43,025
-0-
Boulevard Sod
11,800
-O-
11,800
Pond or Ditch Construction
2,500
2,500
Street Signs
Street Sweeping 6
1,050
11050
Storm Sewer Cleaning
1,000
1,000
Erosion Control
1,000
1,000
Site Grading
62,750
-0-
TOTALS
$ 381,545
$ 22,750
That the Letter of Credit, which was previously reduced to $30,350, be further
reduced to $22,750 to reflect the completed work.