HomeMy WebLinkAboutCity Council Resolution 1981-425CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meetinn of
the City Council of the City of Plymouth, M nnesota was a on the
7th day of July , 1981 . The following members were
present: Mayor Davenport, ounce me ers Neils, Schneider and-Threinen
The following members were absent: Zounciimemer RoyE
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81- 425
REDUCING DEVELOPMENT BOND
HERITAGE ESTATES ADDITION (A-824)
WHEREAS, in accordance with the Development Contract, dated July 18, 1979, The
Medford Corporation, developer of Heritage Estates Addition (A-824), 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,
NMI, 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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping b
Storm Sewer Cleaning
Erosion Control
Site Grading
Design, Admn., Insp., As-Builts
TOTALS
$134,834
125,510
77,841
45,510
10,200
1,000
600
1,500
1,500
177,990
69,178.20
$645,663.20
NEW AMOUNT
Z'0,700
1,000
-0-
-0-
7,650
-0-
600
1,500
1,500
3,000
3,500
$29,450
That the Letter of Credit required which was previously reduced to $38,900 be
further reduced to $29,450 to reflect the completed work.
The notion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Schneider , and upon vote being taken thereon, the
following vo n avor thereof: Mayor Davenport, Councilmembers Neils,
The following vote against orabstained: none
Whereupon the Resolution was declared duly passed and adopted.
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