HomeMy WebLinkAboutCity Council Resolution 1982-580CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a ronulpC meeting of the City
Council of the City of Plymouth, Minnesota was held on the 1St day of
Nnvemher , 1982. The following members were present:maXnr navenport.
_leuncilmemhers-Moen- Neils, Schneider _& Threinen. The following mels were
absent:
oaf
Schneider introduced the following Resolution and moved its
option:
RESOLUTION NO. 82- 580
REDUCING DEVELOPMENT BOND
NATHAN TRAILS PLAT TWO (A-698)
WHLRLAS, in accordance with the development contract dated October 5, 1981,
Meadow Corporation, developer of Nathan Trails Plat Two, (A-698), has agreed to
install certain improvements for said de.elopment; and
WHEREAS, the developer has completed a portion of the street, utility and site
yrading as noted below; and
WHLREAS, 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
PLYMDU,H, M1NW SnT4 that the bonding requirements are reduced as follows:
I TEM
ORIGINAL AMOUNT NEW AMOIINT
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer gleaning
Park and Trail Improvements
Maintenance of Erosion and Sediment Control Plan
Site Grading
Design, Administration, Inspection, As-Builts
TOTAL
$128,780 S128,780
47,235
4,724
55,715
5,572
22,680
2,268
10,800
10,800
-0-
-0-
600
600
3,000
3,000
-0-
-0-
1,500
1,500
60,000
6,000
39,637
19,589
$369,947 5182,833
That the letter of credit required be reduced from S369,947 to 5182,833 to
reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Moen , acid upon vote being taken thereon, the
following voted in favor thereof: Mayor Oavenport,_Councilmembers Moen, Neils,
Schneider and Threinen
The fallowing voted against or abstained: none
Whereupon the 4esolution was declared dui passed and adopted. *