HomeMy WebLinkAboutCity Council Resolution 1982-102CITY OF PL040WH
Pursuant to due call and notice thereof, a_ UecigI _ meeting of the City
Council of the City of Plymouth, Minnesota was heron the 22nd day of
FPhriiary , 1982• The following members were present: Mgvor Davenport,
CnincilmPmherc_ Mnpn_ Schneider and Threinen 'he follow ng members were
absent: Councilmember Hoyt
Councilmember Schneider introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 82-102
REDUCING DEVELOPMENT BOND
FERMALE NORTH 2ND ADDITION (A-615)
WHEREAS, in accordance with the development contract dated March 27, 1977,
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 bond requirements are reduced as follows:
ITEM
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Erosion Control
Site Grading
Parks
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$ 28,824
$ -0-
33,658
-G-
31,055
-0-
13,981
-0-
4,800
-0-
-0-
-0-
150
-0-
3,000
-0-
-0-
-0-
12,000
-0-
20,000
-0-
$147,468 $ -0-
That the letter of credit which was previously reduced to $22,800 be further
reduced to $0 to reflect the completed work.
The notion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Moen , and upon vote being taken thereon, the
folUaving voted in favor Hie -re -of: Mayor Davenport, Councilmembers Moen,
Schneider and Threinen
The following voted against ar none
Whereupon the Resolution was declared duly passed and adopted.