HomeMy WebLinkAboutCity Council Resolution 1982-391CITY 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 2nd of
Aijgust , 1982. The following members were present: Mayor Davenport,
rnunr_ilmemhers Moen, Neils, Schneider & Threineg The fol -Lowing g members were
absent: none
Councilmember Moen introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 92-391
REDUCING DEVELOPMENT BOND
CIMARRON PONDS 2ND ADDITION (A-208)
WHEREAS, in accordance with the development contract dated August 15, 1977,
Centurion Company, developer of Cimarron Ponds 2nd Addition, has agreed to
install certain improvements for said development; and
WHEREAS, thf- developer has compiet-�d a portion of the street, utility and site
grading a5 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
Stref:t Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Erosion Control
Site Grading
Private Street and Driveways
Landscaping and Trails
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
v 77,190
y 0
75,840
0
19,650
0
4,950
0
0
0
1,200
0
5,000
0
0
0
28,400
0
80,830
0
4,000
0
$339,060 $ 0
That the letter of credit, which was previously reduced to $20,700, 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
Co ncilmember THreinen , and upon vote being taken thereon the
o�owing voted In favor thereof: Mayor Davenport, Councilmembers Moen, Neils,_
Ine rollowing voted against or sta none
Whereupon the Resolution was declared duly passed and adopted.