HomeMy WebLinkAboutCity Council Resolution 1981-856CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was held on the
21st day of December , 19 81. The following members were
present: Mayor Davenport, Councilmembers Hoyt,, Neils.' Schneider -and Threinen .
The following members were absent: none
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81- 856
REDUCING DEVELOPMENT BOND
FERNDALE NORTH ADDITION (A-615)
WHEREAS, in accordance with the development contract dated April 19, 1976,
Lundgren Bros. Construction, Inc., developer of Ferndale North Addition (A-615),
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
$ 114,041
$ -0-
Sanitary Sewer
101,488
-0-
Watermain
75,3.2,
-0-
Storm Sewer
30,r,E1
-0-
Boulevard and Drainage Swale Sod
20,000
-0-
Pond or Ditch Construction
%_0,000
-0-
Street Signs
1,200
-0-
Street Sweeping and
Storm Sewer Cleaning
11000
-0-
Park and Trail Improvements
-0-
-0-
Maintenance of Erosion and Sedi-
ment Control Plan
-0-
-0-
Site Grading
-0-
-0-
Design, Admn., Insp., As-Builts
-0-
-0-
TOTALS
$363,740
$ _O_
That the letter of credit which was previously reduced to $5,000 be further
reduced to $0 to reflect the completed work.