HomeMy WebLinkAboutCity Council Resolution 1983-611CouncilMember Koen introduced the following Resolution and moved its
a t on:
RESOLUTION N0. 83- 611
REDUCING DEVELOPMENT BOND
MISSION HILLS PARK STH ADDITION (80027)
WHEREAS, in accordance with the development contract dated September 15, 1981,
Mission Hills Park 8th Partnershtp, developer of Mission Hills Park 8th Addition
(80027), 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 1T HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA that the bonding requirements are reduced as follows:
ITEM
ORICINAL .AMOUNT NEW AMOUNT
Street Construction
Sanitary Sewer
Watermaln
Storm Sewer
Boulevard and Drainage Swale 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
$110,000
S -0-
48,088
-0-
39,268
-0-
21,268
-0-
6,800
5,000
3,000
-0-
300
-0-
2,000
2,000
3,150
-0-
1,000
1,000
68,500
-0-
36,405
960
$339,779
S8,960
That the letter of credit required be reduced from $30,240 to $8,960 to reflect
the completed work.
FURTHER, BE IT RESOLVED that the street construction and concrete curb and
gutter are accepted, as of November 7, 1983 for continual maintenance subject to
the one year guarantee by the developer.
the doption of the foregoing Resolution was duly seconded by
ThreCen , and upon vote being taken the eon, the
or fav
ort ereof: Mayor Davenport, Councilmem�ers Moen, Neils,
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Whereupon the Resolution was declared duly passed and adopted.
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