HomeMy WebLinkAboutCity Council Resolution 1981-437CITY 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 _ Jul , 19 81. The following members were
present: Mayor Davenport, Councilmenbers Ne1Ts, Schneider and Threinen
The following members were absent: Councilmember Royt
twrt r..
Councilmember Neils introduced the following Resolution and
moved its a option:
RESOLUTION NO. 81-437
REDUCING DEVELOPMENT BOND
SEVEN PONDS EAST ADDITION (A-232)
WHEREAS, in accordance with the Development Contract, dated September 19, 1977,
Lundgren Bros. Construction, Inc., Developer of Seven Ponds East Addition (A-232), 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
$ 58,430
$2,922
Sanitary Sewer
48,346
-0-
Watermain
53,360
-0-
Storm Sevier
15,410
-0-
Boulevard Sod
5,800
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
900
-0-
Street Sweeping &
Storm Sewer Cleaning
3,000
-0-
Erosion Control
2,500
-0-
Site Grading
28,980
-0-
TOTALS
$216,726
$2,922
That the Letter of Credit, which was previously reduced to $17,000, be further
reduced to $2,922 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 n avor thereo Mayor Davenport, Councilmembers geils,
chneider and Threinen
The following voted against or abstained: none
Whereupon the Resolution was declared duly pas -s -ed and adopted.