HomeMy WebLinkAboutCity Council Resolution 1982-504CITY 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 20th day of
September , 1982. The followinq members were presenT.-Iayor Davenport,
auncilmembers Moen Neils, Schneider & Threine►L The following members were
a nt: none
Councilmember Schneider introduced the following Resolution and moved its
opt on:
RESOLUTION NO. 82-504
REDUCING DEVELOPMENT BOND
CREEKWOOD HILLS (A-648)
WHEREAS, in accordance with the development contract dated duly 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 $ -0-
Street Construction (49th Avenue) 72,000 -0-
Sanitary Sewer 50,157 5,015
Watermain 50,032 5,003
Storm Sewer 40,000 4,003
Boulevard Sod 8,000 8,000
Pond or Ditch Construction 5,000 5,000
Street Signs 750 750
Street Sweeping and Storm Sewer Cleaning 2,000 2,000
Erosion Control 5,000 5,000
Site Grading 17,000 3,400
Seeding Outlot C 33,000 33,000
TOTALS $358,722 $71,171
That the letter of credit required which was previously reduced to $100,725 be
Further reduced to $71,171 to reflect the completed work.
FURTHER BE IT RESOLVED that the street construction, concrete curb and gutter,
sanitary sewer, watermain and storm sewer are accepted as of September 20, 1982
for continual maintenance subject to the one year guarantee by the developer.
FURTHER BE IT RESOLVED that pursuant to the developer's request a 10% retainer
will be held in the required development bond for the sanitary sewer, watermain
and storm sewer in lieu of the required maintenance bond.
The motion for the adoption of the foregoing Resolution was duly seconded by
r „ gilmpmhpr Magn , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Davenport, Councilmembers Moen, Neils,
Schneider and Threinen
roxiLowng voxeo aga]Lmt or awry : none
ghereupon the Resolution was declared duly� passed and adopted..