HomeMy WebLinkAboutCity Council Resolution 1983-083RESOLUTION NO. 83- 83
REDUCING DEVELOPMENT BOND
PLYMOUTH HILLS 4TH ADDITION (81073)
WHEREAS, in accordance with the development contract dated May 3, 1982, Plymouth
Hills Company, developer of Plymouth Hills 4th Addition, (81073), 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 Sod
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 and Drainage Improvements
Design, Administration, Inspection, As-Builts
TOTAL
S
1,400
1,400
-0-
-0-
-0-
-0-
1,000
1,0W
-0-
-0-
2,000
2, Ono
71,000
-0-
8,928 8,928
984,328 513,328
That the letter of credit required be reduced from $84,328 to $13,328 to reflect
the completed work.
The notion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Moen and upon vote being taken thereon, the
allowing voted in favor thereof: Mayor Davenport, Councilmembers Moen,
Schneider and Threi_nen
The following voted against or abstained: None
Mmoupon the Resolution was declared duly MW SO
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