HomeMy WebLinkAboutCity Council Resolution 1981-427CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
107th
City Council of the City of Plymouth, M nnesota was a on the
7th day of Jul '19 81. The following members were
present: _Mayor Davenport, ounci mem ers Neils, Schneider and Threinen
The following members were absent: ounci mem er Hoyt
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81- 427
REDUCING DEVELOPMENT BOND
HERITAGE ESTATES 3RD ADDITION (A-824)
WHEREAS, in accordance with the Development Contract, dated June 16, 1980, The
Medford Corporation, Developer of Heritage Estates 3rd 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
10 Street Construction
Sanitary Sewer
Watermain
Storm Sevier
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping &
Storm Sewer Cleaning
Erosion Control
$4te-Grad4R9
ORIGINAL AMOUNT
$29,025
21,183
23,553
-0-
3,000
-0-
150
500
500
Design, Admn., Insp., As-Builts 99349
TOTALS $879260
NEW A1CUNT
$2,900
425
-0-
-0-
3,000
-0-
150
500
500
$1,000
$7,475
That the Letter of Credit required which was previously reduced to $8,050 be
further reduced to $7,475 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
follow ng voted n favor thereof: Mayor Davenport, Councilmembers Neils,
Schneider and Threinen
The following voted against or a sta ne • none
Whereupon the Resolution was declared duly passed -and adopted.