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HomeMy WebLinkAboutCity Council Resolution 1982-428r CITY OF PLYNWH Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Plymouth, Minnesota was held on the 16th day of August , 1992. The following members were presen - sting Mayor abS Neils & Threinen The following members were sen : Mayor Davenport #*tvafs Neils introduced the following Resolution and moved its adoption: RESOLUTION NO. 82-428 REDUCING DEVELOPMENT BOND PLYMOUTH CREEKVIEW ADDITION (A-199) WHEREAS, in accordance with the development contract dated September 19, 1977, Carlson Properties, Inc., developer of Plymouth Creekview Addition, (A-199), 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 bonding 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 TOTAL ORIGINAL AMOUNT NEW AMOUNT 33,800 -J- 27,100 -0- 6,800 -0- 8,400 1,500 -0- -0- 600 -0- 3,000 3,000 5,000 1,000 14,200 -0- $154,200 $5,500 T.�at the letter of credit which was previously reduced to $13,800 be further reduced to $5,500 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 following voted In favor thereof: Acting Mayor Schneider, Councilmembers F'loen,. The following voted against or stained: none Whereupon the Resolution was declared duly passed and adopted.