HomeMy WebLinkAboutCity Council Resolution 1982-390CITY OF PLYMOUM
Pursuant to die call and notice thereof, a reWar meeting of the City
Council of the City of Plymouth, Minnesota, was Keld on the' 2nd day of
August , 19 82. The following members were present; Mayor DDavenport,
ounce members Moen—Reils, Schneider and Threinen
The following members were sent: none
fRR RAR RRR
Coun&ilmgmber Moen introduced the following Resolution and moved
is adoption:
RESOLUTION NO. 82-390
REDUCING DEVELOPMENT BOND
CIMARRON PONDS (A-208)
WHEREAS, in accordance with the development contract, dated April 21, 1977, Centurion
Company, developer of Cimarron Ponds Addition (A-208), has agreed to install certain
improvements for said development; and
WHEREAS, the developer has completed a portion of the improvements 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
that the bonding requirements
are reduced as follows:
ITEM
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$ 35,019
$ 0
Sanitary Sewer System
47,608
0
Watermain System
66,560
0
Storm Sewer System
28,867
0
Boulevard Sod
4,000
0
Pond Construction
0
0
Street Signs
900
0
Street Sweeping and Storm
5,000
Sewer Cleaning
TOTALS
5187,954
$ 0
AND, WHEREAS, private improvements have been completed to date in Phase I as follows:
ITEM
OR'GINAL AMOUNT
Street Construction with
Driveways
Landscaping 8 Interior Trails
Trail Paving 8 Culvert
Site Grading 8 Pond Improvements
Trailway Bridge 8 Outlet
Structures
S 46,451
4,000
1,496
20,000
3,908
NEW AMOUNT
$ 0
Resolution No. 82-390
Page 2
Continued
ITEM
ORIGINAL AMOUNT
NEW
AMOUNT
Tennis Court
$ 15,000
$
0
Pool
15,000
0
TOTALS
$105,855
$
0
GRAND TOTALS
$293,809
$
0
That the letter of credit, which was previously reduced to $10,496, be further
reduced to $0 to reflect that all work is completed.
The motion for the adoption of the foregoing Resolution was duly seconded
by Councilmember Threinen , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Davenport, Councilmembers Moen,
Neils. Schneider and Threinen
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.