HomeMy WebLinkAboutCity Council Resolution 1982-579CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a meeting of the City
Council of the City of Plymouth, Minnesota was held on the 1st day of
0
November , 1992. The following meabers were present: ver davenport.
rmanrilmomhorp. Moen,Neils Schneider b Threinen. The following menders were
nt: none •
w.* •wf +�
Ceuncilmember Schneider introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 82- 579
REDUCING DEVELOPMENT BOND
CEDAR RIDGE PLAT TWO (A-813)
WHEREAS, in accordance with the development contract dated August 29, 1980, R -T
Land Company, developer of Cedar Ridge Plat Two, (A-813), 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 req,iested a reduction of the development bond to
reflect the completed work;
NOW, THLREFORE, 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 and Drainage Improvements
Park and Trail Improvements
Boulevard Trees
Design, Administration, Inspection, As-Builts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$ 61,680
$ 6,168
12,725
-0-
41,328
-0-
27,500
10,200
10,200
-0-
500
-0-
450
450
1,500
1,500
1,500
1,500
5,000
5,000
1,500
-0-
1,300
1,300
19,822
3,132
$185,005 $29,250
That the letter of credit required be reduced from $41,210 to $29,250 to reflect
the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
rnuncilmember Moen , and upon vote being taken thereon, the .
following voted in favor thereof:,Maynr davenport_ Councilmembers Moen, Neils,
Crhnoi slur and Thrpi nen
Whereupon the Resolut
nst or abstainea:
was declared duly