HomeMy WebLinkAboutCity Council Resolution 1981-854Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81- 854
REDUCING DEVELOPMENT BOND
BURL OAKS 2ND ADDITION (A-792)
WHEREAS, in accordance with the development contract dated June 22, 1979, Lundgren
Bros. Construction, Inc., developer of Burl Oaks 2nd Addition (A-792),
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 HEREBY 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
$ 69,900
$ -0-
Sanitary Sewer
52,390
-0-
Watermain
40,905
-0-
Storm Sewer
30,145
-0-
Boulevard and Drainage Swale Sod
5,800
3,400
Pond or Ditch Construction
-0-
-0-
Street Signs
450
-0-
Street Sweeping and
Storm Sewer Cleaning
1,500
1,500
Park and Trail Improvements
-0-
-0-
Maintenance of Erosion and Sedi-
ment Control Plan
1,000
1,000
Site Grading
22,000
-0-
Design, Admn., Insp., As-Builts
26,890
200
TOTALS
$250,980
$6,100
That the letter of credit which was previously reduced to $13,450 be further
reduced to $6,100 to reflect the completed work.