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HomeMy WebLinkAboutCity Council Resolution 1982-107Crrsr of PLYHOU29 Pursuant to due Call and notice thereof, a special meeting of the City Qou:cil of the City of Plymouth, Minnesota res held on the 22nd day of February , 1982. The following members were pc+esent: Ma.vor Davenport, Councilmembers Moen Schneider and Threinen Zthe following members were absent: Councilmember Hoyt • Councilmember Schneider introduced the following Resolution and moved its option: RESOLUTION NO. 82- 107 REDUCING DEVELOPMENT GOND WIND RIDGE AT BASS LAKE (A-755) WHEREAS, in accordance with the development contract dated April 24, 1978, Lundgren Bros. Construction, Inc., developer of Wind Ridge at Bass Lake (A-755), has agreed to install certain improvements for said development; and WHE1MM, 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 Constructicn Street Signs Street Sweeping and Storm Sewer Cleaning Erosion Control Site Grading TOTAL ORIGINAL AMOUNT NEW AMOUNT 46,552 $ -0- 60,100 -0- 23,450 -0- 6,750 -0- 5,000 4,500 —0— —0- 600 600 2,000 2,000 3,000 2,000 10,440 -0- $157,892 $9,100 That the letter of credit which was previously reduced to $14,700 be further reduced to $9,100 to reflect the completed work. FURTHER BE IT RESOLVED that the street constructions and concrete curb and gutter are accepted as of February 22, 1982 for continual maintenance subject to the one year guarantee by the developer. The notion for the adoption of the foregoing Resolution was duly seconded by rni1nrJ1mPmhrg Mo Fn , and upon vote being taken thereon, the following voted In talvor thereof: Mayor Davenport, Councilmembers Mpen, Schneider and Threinen • against11M following 46W or none Whereupon the Resolution was declared duly passed and adopted. ft: *rf r►*