HomeMy WebLinkAboutCity Council Resolution 1981-825a
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CITY V PLYMOUTH �-
Pursuant to due call and notice thereof, a regular meeting of
the: City, Council of the City of Plymouth,Mi nn esota was he7d on the
7th day of December 19 81.. The following members were
resent: Mayor Davenport, Councilmembers Hot Neils Schneider and Threinen .
he following members were absent: none'
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION MO. 81-825
REDUCING DEVELOPMENT BOND
MISSION HILLS PARK 7TH ADDITION (A-338)
WHEREAS, in accordance with the Development Contract, dated September 11, 1980,
Mission Hills Park 7th Partnership, developer of Mission fills Park 7th Addition, 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 MOUNT
Street Construction $ 60,300 $ -0-
Sanitary Sewer 40,600 -0-
Watermain 29,800 -0-
Storm Sevier 16,700 -0-
Boulevard Sod 4,600 2,300
Pond or Ditch Construction 1,000 -0-
Street Signs 150 -0-
Street Sweeping &
Storm Sewer Cleaning 1,000 11000
Erosion Control 1,500 11500
Site Grading 34,850 -0-
Park and Trail Improvements 840 840
Design, Admn., Insp. 22,961 160
TOTALS $214,301 $5,800
That the letter of credit which was previously reduced to $43,690 be further reduced
to $5,800 to reflect the completed work.
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter are
accepted as of December 7, 1981 for continual maintenance subject to the one year
guarantee by the developer.