HomeMy WebLinkAboutCity Council Resolution 1983-363r . eiTlr':OF, Pi: !lOFfTii
y,
„ caun jjnbgr Threinen introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 83- 363
REDUCING DEVELOPMENT BOND
DEERWOOD MEADOWS ADDITION (A-784)
WHEREAS, in accordance with the development contract dated September 22, 1978,
Parklands Development, developer of Deerwood Meadows Addition, (A-784), has
agreed to install certain improvements for said development; and
WHEREAS, the developer has completed a portion of the street, utility and s[te
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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Erosion Control
Site Grading
Design, Administration, Inspection
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
S 62,302.00
S -0-
63,957.50
-0-
45,180.25
-0-
32,450.00
-0-
9,400.00
-0-
0.00
-0-
600.00
-0-
1,000.00
-0-
2,000.00
-0-
0.00
-0-
26.026.77
-0-
$242,916.52
Thatthethe letter of credit, which was previously reduced to $12,600 be further
reduced to $O (zero) to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
wunoirmber Moen , and upon vote being taken thereon the
following voted In favor Me o' : Mayor Davenport, Councilmembers Moen, Neils,
Schneider and Threi.nen
The followIng vote against or a sta ne • none
Whereupon the Resolution was declared duly passed and a opte .