HomeMy WebLinkAboutCity Council Resolution 1982-581CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a re lar meeting of the City
Council of the City of Plymouth, Minnesota was held on the Ott day of
Nnvembar , 1982. The following members were present: Mayor Davenport,
r_nuneitmembers Moen, Neils, Schneider & Threinen. The following members were
absent: none
Cnuncilmember Schneiderintroduced the following Resolution and moved its
adoption:
RESOLUTION NO. 82- 581
REDUCING DEVELOPMENT BOND
PLYMOUTH HILLS 3RD ADDITION (81032)
WHLREAS, in accordance with the amended development contract dated duly 12,
1982, Plymouth Hlls Company, developer of Plymouth Hills 3rd Addition, 1%8103?),
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
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale hod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Park and Trail Improvements
Maintenance of Erosion and Sediment Control Plan
Site Grading
Design, Administration, Inspection, As-Builts
TOTAL
$ 38,100 5 26,670
13,700
13,700
1,400
1,400
32,300
32,300
5,000
4,000
-0-
-0-
300
300
21500
2,500
-0-
-0-
2,000
2,000
35,300
149120
15,672
11,639
5146,272 $108,62.9
That the letter of credit required be reduced from 5146,272 to 5108,629 to
reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
�Oupcjlmembgr Moen , and upon vote being taken thereon, the
following voted in favor t reof: MaXor Davenport, Councilmembers Moen, Neils,
-groppider and Threinen .
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.