HomeMy WebLinkAboutCity Council Resolution 1982-243CITY 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 170 day of
llMay , 1982. The following members were present-. 19yor Davenport,
Councilmembers Moen. Neils, Schneider & Threinen. The folio ng members were
absent: none
Councilmember Schneider_ introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 82-243
REDUCING DEVELOPMENT BOND
MEDICINE LAKE HIGHLANDS (81010)
WHEREAS, in accordance with the development contract dated dune 30, 1981,
M.L.H. Company, developer of Medicine Lake Highlands
(81010) 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
ORIGINAL AMOUNT NEW AMOUNT
Street Construction
60, 066— —fit
Sanitary Sewer
45,800 4,580
Watermain
24,000 2,400
Storm Sewer
2,900 290
Boulevard Sod
4,000 4,000
Pond or Ditch Construction
-0- -0-
Street Signs
300 300
Street Sweeping and Storm Sewer Cleaning
1,000 1,000
Erosion Control
1,000 1,000
Site Grading
20,000 2,000
Park and Trail Improvements
-0- -O-
Design, Administration, Inspection, As-Builts
19,080 3,200
TOTAL
$178,080 $29,870
That the letter of credit required be reduced from
$47,280 to $29,870 to reflect
the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the
o < ow ng voted n favor t reo Mayor Davenport,
Councilmembers �toep,.Neils,.
'
SrhnaiAPr and Threinen
The following, voted against or abstained: none
Whereupon the Resolution was declared duly passed and
Mopted.