HomeMy WebLinkAboutCity Council Resolution 1981-700CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was ht1d on the
5th day of October , 19 81. The follcwirg members were
present: Mayor Davenport. o n i lm AjPr and ThrVj nan
The following members were absent:, none
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81-700
REDUCING DEVELOPMENT BOND
CIRCLE STAR BUSINESS CENTER 4TH ADDITION (80028)
WHEREAS, in accordance with the Development Contract, dated September 1, 1980,
K.B. Develop,ent Company II and Rauenhorst Corporation. Developer of Circle Star
Business Cev er 4th Addition, has agreed to install certain improvements for said
developmen' , and
WHEREAS, the Developer has completed a portion of the street, utility and site
grading as notified 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
$ -0-
$-0-
Sanitary Sewer
960
-0-
Watermain
1,080
-0-
Storm Sewer
11,000
-0-
Boulevard Sod
-0-
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
150
-0-
Street Sweeping b
Storm Sewer Cleaning
500
-0-
Erosion Control
1,725
Site Grading
12,625
-0-
Design, Admn., Insp., As-Builts
3,365
-0-
TOTALS
$31,405
$-0-
That the Letter of Credit required, which was previously reduced to $150.00, be
further reduced to $0.00 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Cou , and upon vote being taken thereon, the
following voted n ravor thereof: Maxor nave ort„- C.n1inri lmPmharc Hpyr=l s
S
The following voted against ora sta ne
Whereupon the Resolution was declared duly passed and adopted.