HomeMy WebLinkAboutCity Council Resolution 1983-377P�rs�itant`to due call and notice thereof, a meeting of the City
Criuncil of the Clu
ity of Plymouth, Minnesota was heldo the $t�_ h day of
Jul , 1983. The following members were presenn't: of or paven ort,
rdunG er 'Men Neils and Schneider The followinq ers were
absent: unci jKlAntlAr fhrPinen
ilmember Moen introduced the following Resolution and moved its
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TrT'ii'�r
adoption:
RESOLUTION NO. 83- 377
REDUCING DEVELOPMENT BOND
FOX GLEN THIRD ADDITION (A-814)
WHEREAS, in accordance with the development contract dated November 24, 1982,
Zachman Homes, Inc., developer of Fox Glen Third Addition, (A-814), 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
Maintenance of Erosion and Sediment Control Plan
Site Grading & Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 39,451
$23,000
35,141
3,514
25,621
2.562
9,384
938
5,200
5,200
-0-
-0-
150
150
1,500
1,500
3,000
3,000
12,500
-0-
-0-
-0-
15,834 4,784
$147,781 $44,648
That the letter of credit required be reduced from $61,699 to $44,648 to reflect
the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Cnuncilmember Neils 'and upon vote being taken thereon, the
following vote n favor thereof: Myor Davenport, Councilmembers Moen, Neils
and Schneider ..-
efollowing voted against or abstained: none
Whereupon the Resolution was declared duly passed and a op e .