HomeMy WebLinkAboutCity Council Resolution 1981-827Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81-827
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 $-0-
Sanitary Sewer 48,346 -0-
Watermain 53,360 -0-
StormSevier 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 $-0-
That the letter of credit, which was previously reduced to $2,922, be further
reduced to $0 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.
The motion for the adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the
i , o ow ng: vo a n` avor reo : May Davenuort- Cocncilmembers Hoyt, Neils,
uandThrSJQCn
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!upon the Resolution was declared duly passe an adopted.