HomeMy WebLinkAboutCity Council Resolution 1981-431CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was he on the
7th day of Jul '19 81. The following members were
present: Mayor Daveneort, ouncilmembers Neils, Schneider and Threinen
The following memDerS were absent: Counci me er Hoyt
t**
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81- 431
REDUCING DEVELOPMENT BOND
MISSION HILLS PARK 4TH ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated August 15, 1977, Mission
Hills Park 4th Addition Partnership, Developer of Mission Hills Park 4th Addn.(A-338), 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
$ 43,700
$ -0-
Sanitary Sewer
64,700
-0-
Watermain
41,100
-0-
Storm Sewer
10,000
-O-
Boulevard Sod
6,200
-0-
Pond or Ditch Construction
3,000
-0-
Street Signs
300
-0-
Street Sweeping &
Storm Sewer Cleaning
11000
-0-
Erosion Control
11000
-0-
Site Grading
-0-
-0-
Park Improvements
40,700
5,000
TOTALS
$211,700
$5,000
That the Letter of Credit required be reduced from $17,800 to $5,000 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
0 lowing voted n favor thereof: Mayor Davenport, Councilmembers Nems,
Schneider and Threinen
The following voted against or abstained: none
Whereupon the Resolution was declared duly passe an adopted.