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HomeMy WebLinkAboutCity Council Resolution 1983-665CITYOF PLYMOUTH Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Plymouth, Minnesota was he on the 5th day of December , 1983. "The following members were present¢ Afay`or Davenport, ers ounce mem eils and Schneider The following members were absent: Councilmembers Moen and Threinen Councilmember Schneider introduced the following_ Resolution and moved its adoption: RESOLUTION NO. 83- 665 REDUCING DEVELOPMENT BOND MISSION OAKS FIRST ADDITION (A-338) WHEREAS, in accordance with the development contract dated duly 14, 1982, Richard F. 7ejdlik, developer of Mission Oaks First Addition (A-338), has aqreed to Install certain Improvements for said development; and WHEREAS, the developer has completed a portion of the street, utility and -ite 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 Street Construction (including turn lane at County Road 9) 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 & Sediment Control Plan Site grading & Drainage Improvements Design, Administration, Inspection, As-Builts TOTAL ORIGINAL AMOUNT NEW AMOUNT $ 5,600 S 5,600 10,800 1,080 25,000 2,500 5,000 500 3,300 1,000 -0- -0- 150 150 1,500 1,000 5,000 5,000 2,000 1,000 7,000 2,000 79842 2,380 $73,192 $22,210 That the letter of credit required be: reduced from $73,192 to $2.2,210 to reflect the completed work. The motion for the adoption of the foregoing Resolution was duly seconded by Councilmember Neils , and upon vote being taken thereon the o�1Tow ng vote n favor thereof: Mayor Davenport, Councilmembers Neils and Schneider The --fol-lowing voted against or a stained:r none Whereupon the Resolution was declared dui passed and a opte . ** ■