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HomeMy WebLinkAboutCity Council Resolution 1982-392CITY OF PLYMOUTH Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Plymouth, Minnesota ..is held on the 2nd day of August , 1982. The following members were present: Mayor Davenport, Councilmembers Moen, Neils, Schneider & Threinep The following members were absent: none _Co uncilmember Moen introduced the following Resolution and moved its adoption: RESOLUTION NO. 82-392 REDUCING DEVELOPMENT BOND FOX GLEN ADDITION (A-814) WHEREAS, in accordance with the development contract dated September 14, 1979, Zachman Homes, Inc., developer of Fox Glen Addition (A-814), 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 werk; 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 Pond or Ditch Construction Street Signs Street Sweeping and Storm Sewer Cleaning Erosion Control Site Grading Park Improvements (Trail) Design, Administration, Inspection, As-Builts TOTAL ORIGINAL AMOUNT NEW AMOUNT 140,073 0 87,365 0 46,578 0 31,418 0 10,800 0 0 0 750 0 1,500 0 2,000 0 54,000 0 2,300 0 45,214.08 0 W1,998.08 S 0 That the letter of credit which was previously reduced to $3,500 be further reduced to $0 to reflect that all the work was 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. The o owing voted against or stained: none Whereupon the Resolution was declared duly passed and adopted. *ter *�• ���