HomeMy WebLinkAboutCity Council Resolution 1981-191CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota whell—on the
10 16th day of March 19 81. The following members were
present: Actin Ma or Neils, councilmembers, Hoyt and Threinen
The following members were absent: ayor Davenport, Uounci ImemBer
o ncilmember Threinen introduced the following Resolution and
moved its adoption:
RESOLUTION MO. 81-191
REDUCING DEVELOPMENT BOND
WEST RIDGE ESTATES 2ND ADDITION (A-745)
WHEREAS, in accordance with the Development Contract, dated June 1, 1979, Laukka
and Associates, Inc., developer of West Ridge Estates 2nd Addition (A-745), 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 X"OUNT
Street Construction
$ 63,075
$ 3,154
Sanitary Sewer
57,300
-0-
Watermain
44,550
-0-
Storm Sevier
22,060
-0-
Boulevard Sod
8,400
7,000
Pond or Ditch Construction
1,500
500
Street Signs
600
600
Street Sweeping &
Storm Sewer Cleaning
1,500
1,500
Erosion Control
1,500
1,500
Site Grading
38,700
3,870
Design, Adm.,Insp.,As-Builts
28,702.20
11000
TOTALS
$267,887.20
$19,124
That the Letter of Credit which was previously reduced to $39,118 be further reduced
to $19,124 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
o ncilmember Threinen , and upon vote being taken thereon, the
0�ow ng�vote n favor ereo : Acting Mayor Neils, Councilmembers Hoyt
reinen
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.