HomeMy WebLinkAboutCity Council Resolution 1982-193CITY 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,
Councilmembers Moen. Schneider and Threinen The following members were
absent: Councilmember Hoyt
Councilmember Schneider introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 82-193
REDUCING DEVELOPMENT BOND
HERITAGE ESTATES 3RD ADDITION (A -R24)
WHEREAS, in accordance with the development contract dated dune 16, 19809 The
Medford Corporation, developer of Heritage Estates 3rd Addition (A-824), 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 Constriction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Erosion Control
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
?9,025
21,183
-0-
23,553
-n-
-0-
-0-
3,000
2,000
-n-
150
-0-
500
500
500
500
9,349
30n
$87,2tn 56,200
That the letter of credit required which was previously reduced to 57,475 he
further reduced to $6,200 to reflect the completed work.
The motion for the adoption of the foreqoing Resolution was duly seconded by
Councilmember Moen , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Davenport, Councilmembers Moen,
The following voted against or abstained: none i
Whereupon the Resolution was declared duly passed and adopted.