HomeMy WebLinkAboutCity Council Resolution 1981-050CITY OF PLYMOUTH
Purst;Ant to due call and notice thereof, a regular meeting of
the :ity Council of the City of Plymouth, Minnesota wa`s -helU on the
,9th day of January , 19 81. The following members were
present: Mayor Davenport, Councilmembers Hoyt, Neils, Schneider & Threinen
The following members were absent: None
Councilmember Neils introduced the following Resolution and
moved its adopt n:
RESOLUTION NO. 81- 50
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
$ 24,120
Sanitary Sewer
40,600
4,060
Watermain
29,800
2,980
Storm Sevier
16,700
1,670
Boulevard Sod
4,600
4,600
Pond or Ditch Construction
11000
-0-
Street Signs
150
150
Street Sweeping &
Storm Sewer Cleaning
1,000
11000
Erosion Control
11500
1,500
Site Grading
34,850
-0-
Park and Trail Improvements
840
840
Design, Admn., Insp.
22,961
11,480
Totals
$214,301
$ 52,400
That the Letter of Credit, which was previously $174,859 be reduced to $52,400 to
reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
, and upon vote being taken thereon, the
following voted n favor thereo Mayor Davenport, Councilmembers Hoyt, Neils,
The following voted against orabstained: None
Whereupon the Resolution was declared duly passed and a opte .