HomeMy WebLinkAboutCity Council Resolution 1982-452CITY Of PLYMOUTH
Pursuant to due call and notice thereof. a special meeting of
the City Council of the City of Plymouth, Minnesota washeTthe
23rd day of August , 19 82. The following members were
present: Mayor Davenport, Councilmembers Neils and Schneider
The following members were a sent: Councilmembers Moen and Threinen
Co n i member Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO.82-452
REDUCING DEVELOPMENT BOND
CREEKWOOD HILLS (A-648)
WHEREAS, in accordance with the development contract dated July 12, 1979,
Universal Land Corporation, .developer of Creekwood Hills (A-648),
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
(Residential)
$ 75,783
$ 15,157
Street Construction
(49th Ave.)
72,000
14,400
Sanitary Sewer
50,157
5,015
Watermain
50,032
5,003
Storm Sewer
40,000
4,000
Boulevard Sod
8,000
8,000
Pond or Ditch Construction
5,000
5,000
Street Signs
750
750
Street Sweeping & Storm
Sewer Cleaning
2,000
2,000
Erosion Control
5,000
51000
Site Grading
17,000
3,400
Seeding Outlot C
33,000
33,000
TOTALS
$358,722
$100,725
That the Letter of Credit required which was previously reduced to $232,551 be further
reduced to $100,725 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Neils , and upon vote being taken thereon. the
f11 owing voted in favor t ereo : Mayor Davenport, Councilmembers Neils aid
Schneider
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.