HomeMy WebLinkAboutCity Council Resolution 1983-444k �a't des and node thaieof., a #a1 m:eetinW. of 141E City
Ctll of the Gita, +`' 4*l�rmouth, M3nr:eta1wllofl #lte 22i1d d
Thtf011om��ng Ntem ars 1iw ra presenta1= yof ;eyenpot`t,
ii, en Nails and Sehne.id'er The following Mtobe`rs were
Absent: i^e alert
i'ilneSt er Moen introduced the following Resolution and moved its
Adoption:
RESOLUTION NO. 83- 444
REDUCING DEVELOPMENT BOND
DEERWOOD ESTATES A4)DITION (A-784)
WHEREAS, in accordance with the development contract dated July 2, 1981,
Parklands Development, developer of Deerwood Estates 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 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 HERESY RESOLVED BY THE CITY COUMCIL OF THE CITY OF
PLYMOUTH, MINNESOTA that the bonding requirements are reduced as follows:
ITEM
ORIGINAL AMOUNT NEWMOUNT
Street Construction
Sanitary Sewer
Watermtain
Storms 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, Admiinistration, Inspection, As-Builts
TOTAL
$1009672 91000672
989596
90860
52,533
5,253
27,302
209000
90200
99200
7,000
79000
600
600
29000
29000
2,000
20,000
57,000
69000
-0-
-0-
42,828
19,510
$3999731 $1820095
That the letter of credit required be reduced from $399,731 to 5192,095 to
reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
eo n ilmember Neils , and upon vote being taken thereon the
To7lowing voted in Favor t ereof:Mayor Davenport, councilmembers Moen, Neils
st or aDstalnea: nulla
was declared duly passed and adopted.