HomeMy WebLinkAboutCity Council Resolution 1981-015CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
10 the City Council of the City of Plymouth, M nnesota was held on the
Sth day of , 19 8 The following members were
present: Mayor Davenport, Counci mem ears Hoy�Neils, Schneider and Threinen
The following members were absent: none
Councilmember Hoyt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81-15
REDUCING DEVELOPMENT BOND
SCHMIDT LAKE HILLS (A-793)
WHEREAS, in accordance with the Development Contract, dated March 8, 1979, Elm
Creek Acres, Partnership, developers of Schmidt Lake Hills (A-193), 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
NE14 AMOUNT
Street Construction
$206,251.56
$ 96,533
Sanitary Sewer
123,926.86
39;623
Watermain
104,472.90
35,544
Storm Sevier
63,000.00
22,532
Boulevard Sod
11,800.00
-0-
Pond or Ditch Construction
11100.00
7,000
Street Signs
1,05u.00
-0-
.Street Sweeping &
Storm Sewer Cleaning
2,000.00
2,000
Erosion Control
2,000.00
2,000
Site Grading
59,000.00
11000
Design, Adm., Insp., As-Builts 7,080.00
-0-
$587,581.32
$206,232
That the Letter of Credit required be reduced to $206,232 to reflect the completed
work.
The motion for the adoption of the foregoing Resolution was duly seconded by
.Councilmember Neils , and upon vote being taken thereon, the
r-ol lowing voted n favor thereof: r'ayor Davenport, Councilmembers Hoyt,
and Threinen
The following voted against or abstained: none
lihereupon the Resolution was declared duly passed and adopted.