HomeMy WebLinkAboutCity Council Resolution 1982-605CITY 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 15th day of
NnvPmher , 1982. The following members were present: Mayor Davenport,
Councilmgmbers Moen, Neils, Schneider & Threinen The following members were
absent: none
cmincilmember Moen introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 82{05
REDUCING DEVELOPMENT BOND
SHILOH 2ND ADDITION (A-331)
WHEREAS, in accordance with the development contract dated April 11, 1977,
Lundgren Bros. Construction, Inc., developer of Shiloh 2nd Addition, (A-331),
has agreed to install certain improvements for said development; and
WHEREAS, the developer has completed a portion of the st•eet, 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, THERM ORE, 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 Cleaninq
Erosion Control
Site Grading
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$113,500
$-0-
111,200
-0-
74,300
-0-
19,400
-0-
10.500
-0-
5,000
-0-
900
-0 -
1,000
-0-
5,000
-0-
57,900
-0-
$398,700 5 -0 -
That the letter of credit which was previously reduced to 511,900 be further
reduced to $0 (zero) 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
following voted in favor thereof: mayor Davenport, Councilmembers Moen, Neils,
crhnpi r1Pr and Threi nen
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.