HomeMy WebLinkAboutCity Council Resolution 1980-759CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meetino of
the City Council of the City of Plymouth, Minnesota was held on the
6th day of October , 19_%L. The following members were
present: Mayor Hunt Councilmembers Davenport Hoyt Neils and Schneider
The following members were absent: None
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-759
REDUCING DEVELOPMENT BOND
MISSION HILLS PARK 7TH ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated September 11, 1980,
Mission Hills Park 7th Partnership, developer of Mission Hills Park 7th 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
$ 60,300
$ 60,300
Sanitary Sewer
40,600
40,600
Watermain
29,800
29,800
Storm Sewer
16,700
16,700
Boulevard Sod
4,600
4,600
Pond or Ditch Construction
1,000
1,000
Street Signs
150
150
Street Sweeping b
Storm Sewer Cleaning
11000
11000
Park and Trail Improvements
840
840
Erosion Control
1,500
1,500
Site Grading
34,850
-0-
Design, Admn., Insp.
22,961
18,369
Totals
$214,301
$174,859
That the Letter of Credit, which was previously $214,301 be reduced to $174,859 to
reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Ht and upon vote being taken thereon, the
oy
tollowing voted in favor nereo Mayor Hunt, Councilmembers Davenport,
Hot Neils andiSthneider
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.