HomeMy WebLinkAboutCity Council Resolution 1981-450CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was held on the
20th day of July , 19 81. The following members were
present774ayor Davenport, ounce me ers Hoy—Neils, Schneider and Threinen.
The followinmembers were absent: none
Councilmember Hoyt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81- 450
REDUCING DEVELOPMENT BOND
CARLSON COMPANIES SECOND ADDITION (A-710)
WHEREAS, in accordance with the Development Contract, dated August 17, 1979,
Carlson Properties, Inc., Developer of Carlson Companies Second Addition (A-710), 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,
NOMI, 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 AtiOUNT
Street Construction
$100,300
$ 80,200
Sanitary Sewer
25,400
25,400
Watermain
54,700
44,900
Storm Sever
34,300
23,000
Boulevard Sod
3,000
2,500
Pond or Ditch Construction
6,000
2,000
Street Signs
300
150
Street Sweeping b
Storm Sewer Cleaning
11000
11000
Erosion Control
2,000
2,000
Site Grading
95,000
47,500
Landscaping
17,000
4,250
TOTALS
$339,000
$232,900
That the Letter of Credit required be reduced from $339,000 to $232,900 to reflect the
completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
_ Councilmemberr Threinen and upon vote being taken thereon, the
following voted in ravor there0 Mayor Davenport. Co ncilmemharc Hoyt. Neils,
Schneider and Threinan
lne following voted a
Whereupon the Resolut
st or abstained: none
was declared duly passed and adopted.