HomeMy WebLinkAboutCity Council Resolution 1983-637Pursuant to due call and notice thereof, a
the City Council of the_tity of Piymouth,_1
,
,egular meetino of
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'he following members were
s, Schneider and Threinen
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 83- 637
REDUCING DEVELOPMENT BOND
SCHMIDT LAKE WOODS 2ND ADDITION (A-681)
WHEREAS, in accordance with the Development Contract, dated March 27, 1978,
Enterprise Properties, developer of Schmidt Lake Woods 2nd Addition (A-681), 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 RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNE-
SOTA that the bonding requirements are reduced as follows:
ITEM
ORIGINAL AMOUNT
NEW
AMOUNT
Street Construction
$29,600
$
-0-
Sanitary Sewer
27,300
-0-
Watermain
18,800
-O-
Storm Sewer
6,900
-O-
Boulevard Sod
3,400
-0-
Street Signs
300
-0-
Street Sweeping and Storm
Sewer Cleaning
1,000
-0-
Erosion Control
1,000
-0-
Site Grading
8,500
-O-
TOTALS
$96,800
$
_O_
That the Letter of Credit which was previously reduced to $4,000 be further
reduced to $0 (zero) to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Threinen and upon votebeing Laken thereon, the
0 owingg voted n favor thereof: Mayor Davenport, Councilmembers Moen, Neils,
Schneider and Threinen
following vote against or abstained:
Whereupon the Resolution was declared duly passed and adopted.