HomeMy WebLinkAboutCity Council Resolution 1981-291CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a meeting of
the City Council of the City of Plymouth, Minnesota was held on the
4th day of May , 19.&L. The following members were
present: Acting Mayor Neils, Councilmem ers_Schneider & Threinen
The following members were absent: Majffi Davennnr .nuncil pmhar Mgt _•
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81-291
REDUCING DEVELOPMENT BOND
MINNEAPOLIS INDUSTRIAL PARK, 3RD ADDITION (A-199)
WHEREAS, in accordance with the Development Contract, dated August 15, 1977,
Carlson Properties, Inc., developer of Minneapolis, Industrial Park, 3rd Addition,
has agreed to install certain improvements for said development; and
WHEREAS, the Developer has completed a portion of the street, utility and site
oradina as noted below; and
WHEREAS, the Developer has requested a reduction of the Development Bond to
reflect the completed work;
NOW, THEREFORE, BE IT HEREBY 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
$ 96,300
$ -0-
Sanitary Sewer
30,200
-0-
Watermain
63,900
-0-
Storm Sewer
46,000
-0-
Boulevard Sod
7,500
5,000
Pond or Ditch Construction
10,000
-0-
Street Sions
75
-0-
Street Sweeping &
Storm Sewer Cleanina
11000
11000
Erosion Control
5,000
4,000
Site Grading
78,400
-0-
TOTALS
$338,375
$10,000
That the Letter of Credit which was previously reduced to $19,390 be further
reduced to $10,000 to reflect the completed work.
The motion for the adoption )f the foregoing Resolution was duly seconded by
, and upon vote being taken thereon, the
following voted in favor ere: Acting Mayor Neils. Councilmembers Schneider
& Threinen
The following voted against or abstained: None
Whereupon the Resolution was declared duly paste an