HomeMy WebLinkAboutCity Council Resolution 1981-430CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meetina of
the City Council of the City of Plymouth, Minnesota was held on the
7th day of July , 19 81. The followingg members were
present: M or Davenport, Counci me ers Neil, Schneider and Threinen
The following members were absent: Counci
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION MO. 81-430
REDUCING DEVELOPMENT BOND
MISSION HILLS PARK 3RD ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated August 11, 1977, Mission
Hills West Development Corporation, Developer of Mission Hills 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
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
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$ 26,400
$ -0-
Sanitary Sewer
25,600
-0-
Watermain
21,900
-0-
Storm Sevier
4,000
-0-
Boulevard Sod
5,000
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
150
-0-
Street Sweeping &
Storm Sewer Cleaning
11000
-0-
Erosion Control
11000
-0-
Site Grading (Trail)
11,400
2,000
TOTALS
$ 96,450
$2,000
Th,it the Letter of Credit which was previously reduced to $3,000 be further
reduced to $2,000 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Schneider , and upon vote beintak n thereon,,the
following vo e n favor ereo : Mayor Davenport, R unci members Neils,
Schneider and Threinen
The following voted against or abstained: n
Whereupon the Resolution was declared duly passed -and adopted.