HomeMy WebLinkAboutCity Council Resolution 1982-606CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a meeting of the City
Council of the City of Plymouth, Minnesota wasa 11Fi d on the 15th day of
November _, 1982. The following members were present:Mayor Davenport,
Cniincilmembers Moen, Neils, Schneider & Threinen The following members were
absent: none _
Co1jucilmember Moen introduced the following Resolution and moved its
adopt ion:
RESOLUTION NO. 82-606
REDUCING DEVELOPMENT BOND
SI4ILOH 3RD ADDITION (A-331)
WHLRLAS, in accordance with the development contract dated March 6, 1979,
Lundgren Bros. Construction, Inc., developer of Shiloh 3rd Addition, (A-331),
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
WHLRLAS, 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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and
Lrosion Control
Site Grading
TOTAL
Storm Sewer Cleaning
ORIGINAL AMOUNT NEW AMOUNT
523,700
$-0-
18,200
-0-
33,800
-0-
12,300
-0-
3,400
-0-
-0-
-0-
300
-0-
1,000
-0-
1,000
-0-
-0-
-0-
$93,700 $-0-
That the letter of credit which was previously reduced to S5,300 be further
reduced to $0 (zero) to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
C.nuncilmember Neils , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Davenport, Councilmembers Moen, Neils,
Schneider and Thrcinen
The following votagainst or staff . none
Whereupon the Resolution was declared duly passed and adopted.