HomeMy WebLinkAboutCity Council Resolution 1981-351CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was he on the
1st day of June 19 81. The following membeers were
present: Mayor Davenport,unce omem ers Hoyi, Neils, Schneider and Threinen
The following members were absent: none
rpunrilmember Hoyt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81-351
REDUCING DEVELOPMENT BOND
CARLSON COMPANIES SECOND ADDITION (A-710)
WHEREAS, in accordance with the Development Contract, dated August 17, 1979,
Carlson Properties, Inc., Developer of Carlson Companies Second Addition (A-710), 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,
NOMI, 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 AriOUNT
Street Construction
$100,300
$ 80,200
Sanitary Sewer
25,400
25,400
Watermain
54,700
44,900
Storm Sevier
34,300
23,000
Boulevard Sod
3,000
2,500
Pond or Ditch Construction
61000
2,000
Street Signs
300
-0-
Street Sweeping &
Storm Sewer Cleaning
11000
11000
Erosion Control
2,000
2,000
Site Grading
95,000
47,500
Landscaping
17,000
4,250
TOTALS
$339,000'
$232,750
That the Letter of Credit required be reduced from $339,000 to $232,750 to reflect
the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Schneider , and upon vote bein taken thereon the
following votedn favor ereo Mayor Davenport, Councilmembers Aoyt,
Schneider and Threinen
The following voted against or abstained: none
Nhereupon the Resolution was declared duly passea and adopted—.