HomeMy WebLinkAboutCity Council Resolution 1982-192CITY 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 19th day of
April , 1982. The following members were present: Mayor Davenport,
r0URcilmomhgrc Mnpn, Srhnpidpr and Thrpinen The following members were
absent: Councilmember Hoyt
Councilmember Schneider introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 82- 192
REDUCING DEVELOPMENT BOND
HERITAGE ESTATES 2ND ADDITION (A-824)
WHEREAS, in accordance with the development contract dated June 16, 1980, The
Medford Corporation, developer of Heritage Estates 2nd Addition (A-82.4), has
agreed to `.nstall 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
Street Signs
Street Sweepinq and Storm Sewer Cleaninq
Erosion Control
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
34,975
3,500
29,917
-0-
13,447
-0-
1,700
-0-
4,200
3,200
300
-0-
500
500
500
500
10,265
300
S95,804 S8,000
That the letter of credit required which was previously reduced to 59,500 be
further reduced to S8,000 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Moen , and upon vote beinq taken thereon, the
following voted in favor thereof: mot, Davenport, Councilmembers Moen,
Schneider and Threinen
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.