HomeMy WebLinkAboutCity Council Resolution 1981-433CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
. the City Council of the City of Plymouth, Minnesota was held on the
7th day of July , 19 81 The following members were
present. yor Davenport, ounce me ers NelTs, Schneider and Threinen
The following members were absent: Counci ]member Hoyt
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81- 433
REDUCING DEVELOPMENT BOND
MISSION RIDGE 2ND ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated June 8, 1976, Lundgren
Bros. Construction, Inc., Developer of Mission Ridge 2nd Addition (A-338), has
agreed to install certain improvements for said development, and
WHEREAS, the Developer has complet'J 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 Af30UNT
Street Construction
$ 36,500
$ -0-
Sanitary Sewer
29,900
-0-
Watermain
22,500
-0-
Storm Sewer
4,700
-0-
Boulevard Sod
6,000
-0-
RO" -or-Di-t-e4 -C t waei:ic
street Signs
525
-0-
Street Sweeping &
Storm Sewer Cleaning
11000
-0-
&PV06f}-G0r*t,*0-l-
Site Grading
18,200
-0-
TOTALS
$119,325
$ -0-
That the Letter of Credit which was previously reduced to $3,650 be further reduced
to $0 to reflect the completed work.
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter are
?crepted as of July 7, 1981 for continual maintenance subject to the one year guarantee
by ,,-t he Developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
, and upon vote being taken thereon, the
following vo e n favor ereof: Mayor Davenport, Councilmembers Neils,
Schneider and Threinen
The following votea against orabstained: none
Whereupon the Resolution was declared duly passed and adopted.