HomeMy WebLinkAboutCity Council Resolution 1981-435CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meetino_ of
the City Council of the City of Plymouth, Minnesota was held on the
7th day of July 1981 . The following members were
present: Mayor Davenport, Courcilmembers Neils, Schneider and Threinen
The following members were absent: Councilmember Hoyt
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81- 435
REDUCING DEVELOPMENT BOND
PLYMOUTH OFFICE COMMERCIAL PARK (79025)
WHEREAS, in accordance with the development contract dated October 13, 1980,
Rembrandt Enterprises, Hew -Lynn, Hegerman Distributors, Developer of Plymouth Office
Commercial Park (79025), agreed to install certain improvements for said develop-
ment; 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 HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the bonding requirements be reduced as follows:
ITEM ORIGINAL AMOUNT
NEW AMOUNT
Street Construction $
153,208
$ 153,208
Sanitary Sewer
37,765
3,777
Watermain
65,846
6,585
Storm Sewer
71,561
7,156
Boulevard & Drainage Swale Sod
5,500
5,500
Pond or Ditch Construction
3,000
3,000
Street Signs
450
450
Street Sweeping &
Storm Sewer Cleaning
1,500
1,500
Maintenance of Erosion Control
11000
11000
Site Grading & Drainage Imprvmts
70,000
7,000
Park & Trail Improvements
7,468
7,468
Design, Admn., Insp., As-Builts
50,076
23,597
TOTALS $
467,374
$ 220,241
That the Letter of Credit required be reduced from $467,374 to $220,241 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
following voted to favor ereo : Mayor Davenport, Councilmembers Neils,
Schneider and Threinen
TFW7511owing voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.