HomeMy WebLinkAboutCity Council Resolution 1981-787CITY OF"PLYMOUTH
rsuaint to :due call and notice thereof, a_, reoularmeeting of
16th day of _November 1981 .`', The following members were
present: Mayor Da cilmembers Neils_ Srhnei er and Threinen
The following members were absent: rn„nr lmember Hoyt
Quotintroduced the following Resolution and
wove s adoption:
RESOLUTION N0. 81— 787
REDUCING DEVELOPPIENT BOND
MEDICINE LAKE HIGHLANDS (81010)
WHEREAS, in accordance with the Development Contract, dated June 30, 1981,
M.L.H. Company, Developer of Medicine Lake Highlands, 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 PLYt10UTH,
MINNESOTA that the bonding requirements are reduced as follows:
ITEM! ORIGINAL AMOUNT NEW AMOUNT
Street Construction $ 60,000 $ 24,000
Sanitary Sewer 45,800 4,580
Watermain 24,000 2,400
Storm Sewer 2,900 2,900
Boulevard Sod 4,000 4,000
Pond or Ditch Construction -0- -0-
Street Signs 300 300
Street Sweeping b
Storm Sewer Cleaning 1,000 11000
Erosion Control 1,000 11000
Site Grading 20,000 2,000
Park and Trail Improvements -0- -0-
Design, Admn., Insp. 19,080 52100
Totals $178,080 $47,280
That the letter of credit required by reduced to $47,280 to reflect the completed
work.
The motion for the adoption of the'foreping Resolution was duly seconded by
C uncilmember Threinen . and upon vote being taken thereon, the
' roT[iwing voted navol orrtiereor: Mayor Davenport, Councilmembers Neils,
Schnaidnr and Thrainan
adopted.
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