HomeMy WebLinkAboutCity Council Resolution 1981-432CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a sglecia I meeting of
es
the City Council of the City of Plymouth, Mi nn ota was he7d on the
7th day of July , 19_.U. The following members were
present: Mayor Davenport, Councilmembers Neils Schneider and Threinen
The following members were absent: Councilmember Hoyt
twr ** tf
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81- 432
REDUCING DEVELOPMENT BOND
MISSION HILLS PARK 5TH ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated June 20, 1978, Mission
Hills Park 5th Addition Partnership, Developer of Mission Hills Park 5th 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,
N%1, 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
NE14 AMOUNT
Street Construction
$ 41,600
$2,080
Sanitary Sewer
22,900
-0-
Watermain
17,200
-0-
Storm Sewer
6,800
-0-
Boulevard Sod
4,600
11000
Pond or Ditch Construction
11000
500
Street Signs
300
-0-
Street Sweeping &
Storm Sewer Cleaning
11000
11000
Erosion Control
11000
11000
Site Grading (Trail)
36,800
11000
Design, Admn., Insp.
15,984
800
TOTALS
$149,184
$7,380
That the Letter of Credit which was previously reduced to $12,180 be further
reduced to $7,380 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
gouncijmgWer Schneider . and upon vote being taken thereon, the
following vo n favor thereof: Mayor pave[) rt, Councilmembers Neils.
The following voted against or abstainer none
Whereupon the Resolution was declared duly passed and adopted.