HomeMy WebLinkAboutCity Council Resolution 1982-429CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a rpgWjgrmeeting of the City
Council of the City of Plymouth, Minnesota was he the 16th day of
A„gimt , 1982. The following members were present: Acting Mayor
Schneider. Councilmembers Moen, Neils & Threinep The following members were
absent: Mayor Davenport
rni,ncilmember Neils introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 82-429
REDUCING DEVELOPMENT BOND
PLYMOUTH CREEKVIEW 2ND ADDITION (A-199)
WHEREAS, in accordance with the development contract dated November 7, 1977,
Carlson Properties, Inc., developer of Plymouth Creekview 2nd 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 ORIGINAL AMOUNT NEW AMOUNT
Street Construction
$14,000
S -0 -
Sanitary Sewer
9,000
-0-
Watermain
10,500
-0-
Storm Sewer
2,500
-0-
Site Grading
2,000
-0-
TOTAL
$38,000
$-0-
That the .letter of credit required be reduced from $38,000 to zero ($0) to
reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Moen , and upon vote being taken thereon, the
following voted in favor thereof: Acting Mayor Schneider, Councilmembers Moen,.
Nails and Threinen
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.