HomeMy WebLinkAboutCity Council Resolution 1981-426CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
. the City Council of the Cilty of Plymouth, Minnesota was —TieT�on the
7t�i day of Ju y , 19 81. The following members were
present: mayor Davenport, Counciimem ers Neil Schneider and Threinen
The following members werabsent: ouncilmemberlToy
Cq is lmember Neils introduced the following Resolution and
move its adoption:
RESOLUTION NO. 81-426
REDUCING DEVELOPMENT BOND
HERITAGE ESTATES 2ND ADDITION (A-824)
WHEREAS, in accordance with the Development Contract, dated June 16, 1980, The
Medford Corporation, developer of Heritage Estates 2nd 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,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the bonding requirements are reduced as follows:
ITEM
Street Construction
Sanitary Sewer
Watermain
Storm Sevier
Boulevard Sod
pond'-er-Bi-telt-&vns rac i�r
Street Signs
Street Sweeping &
Storm Sewer Cleaning
Erosion Control
Si44 Cr-adipg
ORIGINAL AMOUNT
$34,975
29,917
13,447
1,700
4,200
cm
500
500
Design, Admn., Insp., As-Builts 10,265
TOTALS $95,804
NEW AriOUNT
$3,500
-0-
-0-
-0-
3,700
300
1,000
$9,500
That the Letter of Credit required which was previously reduced to $10,000 be
further reduced to $9,500 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Schneider , and upon vote being taken thereon, the
following voted n favor ereo : Mayor Davenport, Councilmembers Neils,
Srhn id r and Threinen
Ine following voted against or abstained:- none
Whereupon the Resolution was declared duly passed and adopted.