HomeMy WebLinkAboutCity Council Resolution 1983-692CITY OF PLYf101lTH
G to due call and notice thereof, a regular`' meeting of the City
of the City of Plymouth, Minnesota was heldon the 19th day of
'-r , 1983. The following members were present: M r Davenport,
nem e—rs`-Fran, Neils, Schneider and Threinen. The following members were
Councilmember Threinen introduced the following Resolution and moved Its
adoptOM
RESOLUTION NO. 83 692
REDUCING DEVELOPMENT BOND
DEERWOOD ESTATES ADDITION (A-784)
WHEREAS, to accordance with the development contract dated July 2, 1981,
ParklUnds Development, develooer 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 deve'_oper 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
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Maintenance of Erosion and Sediment Control Plan
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$100,672 S33,000
98,596
9,860
52,533
5,253
27,302
2,730
9,200
9,200
7,000
700
600
600
2,000
2,000
2,000
2,000
57,000
-0-
-0-
-0-
42,828
7,841
$399,731 S73,184
That the letter of credit required be reduced from $182,095 to 573,184 to
reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
GOuncilmember Moen and upon vote beingtake th reon the
fa owing voted In favor thereof: Mayor Davenport, Counci�mem�iers Moen, Neils,
Whereupon the Resolution was declared duly passed and adopted.