HomeMy WebLinkAboutCity Council Resolution 1981-436CITY 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 y
7th day of July , 19 81. The following members were
present: 7'layor Davenport, ounce mem ers Neils, Schneider and Threinen
The following—members were absent: CKNF member Hoy
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81— 436
REDUCING DEVELOPMENT BOND
WEST RIDGE ESTATES THIRD ADDITION (A-745)
WHEREAS, in accordance with the Development Contract, dated June 10, 1980, Laukka
and Associates, Inc., Developer of West Ridge Estates Third Addition (A-745), 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
Street Construction
$ 50,125
Sanitary Sewer
58,373
Watermain
67,207
Storm Sewer
5,657
Boulevard and Drainage Swale Sod 12,000
Pond or Ditch Construction
-0-
Street Signs
150
Street Sweeping &
Storm Sewer Cleaning
1,500
Erosion Control
2,000
Site Grading & Drainage Impmts.
30,000
Private Streets, Driveways &
Parking Areas
22,500
Design, Admn., Insp., As-Builts
29,941
TOTALS
$279,453
NE14 AMOUNT
$28,679
2,919
3,360
283
8,000
-0-
150
1,500
2,000
3,000
14,000
7,667
$71,558
That the Letter of Credit required be reduced from $221,884 to $71,558 to reflect the
completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Coungilmember Schneider and upon vote being taken thereon, the
following vo e n favor thereof: Mayor Davenport, Councilmembers Neils,
Thj:�Jnen
1e following voted against Orabstained: none
Whereupon the Resolution was declared duly passed and adopted.