HomeMy WebLinkAboutCity Council Resolution 1983-445t.punGl lowwar rwcn introauciea the rviiowing mesolui ton ano moven its
adopt-tiont
RESOLUTION 140. 83-44S
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
S 399451
S 90375
Sanitary Sewer
359141
3,514
Watermain
259621
29562
Storm Sewer
99384
938
Boulevard Sod
59200
59210
Pond or Ditch Construction
-0-
-0-
Street Signs
150
150
Street Sweeping and Storm Sewer Cleaning
1,500
19500
Maintenance of Erosion and Sediment Control Plan 39000
1,000
Site Grading & Drainage Improvements
12,500
-0-
Park and Trail Improvements
-0-
-0-
Design, Administration, Inspection, As-Builts 15,834
2,909
TOTAL
S147,781
$27,148
That the letter of credit required be reduced
from $44,648 to 5279148
to reflect
the completed work.
The motion for the ado tion of the foregoing Resolution was duly seconded by
Councilme*er Neils , and upon vote beingtaken thereon the
following vote n avor thereof: Mayor Davenport, uncilmembers Moen, Neils
e following voted against or a stn ne s none
Whereupon the Resolution was declared duly passed and a6optede