HomeMy WebLinkAboutCity Council Resolution 1984-023CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City
Council of the City of Plymouth, Minnesota was held on the 9th daof
January , 1984. The following members were presentee
dyor Davenport,
ounce mem ers eils, Schneider and Crain The following members were
absent: Counci mem er Moen
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Councilmember Schneider introduced the followinq Resolution and moved its
adoption:
RESOLUTION NO. 84- 23
REDUCING DEVELOPMENT BOND
NORTHWEST BUSINESS CAMPUS (F0062)
WHEREAS, in accordance with the development contract dated December 17, 1981 and
revised February 22, 1982, Prudential Insurance Company, developer of Northwest
Business Campus (80062), 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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Erosion Control
lite Grading
Park and Trail Improvements
Design, Administration, Inspection, As -guilts
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$1,307,943 $644,628
145,596
11,760
466,166
99,439
453,735
128.972
35,650
30,790
31,980
31,980
900
900
7,900
7,900
5,000
5,00()
335,851
-0-
21,420
-0-
252,434
30,347
53,064,579 $991,715
That the letter of credit required which was previously reduced to 91,090,978 he
further reduced to $991,715 to reflect the completed worl:.
FURTHER BE IT RESOLVED that the following Improvements are accepted as of
January 9, 1984 for continual maintenance subject to the one year guarantee by
the developer:
Phase II streets and watermain on 34th Avenue extension.
Phase III streets except on northerly cul-de-sac of Annapolis Circle.
The motion for the adoption of the foregoing Resolution was duly seconded by
Mayor Doyen ort , and upon vote being taken thereon the
following voted in ravor t ereof: Mayor Davenport, Councilmembers Neils.
Schneider and Crain
Whereupon the Resolution was declared duly passed and adopted.
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