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HomeMy WebLinkAboutCity Council Resolution 1984-028CITY 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 Stn day of • January , 1984. The followinq members were present °a(�yUir Davenport, ounce mem ers me Is, Schneider and Crain The following members were absent: Councl mem er Moen xxx xxx xxx Councilmember Schneider introduced the following Resolution and moved its adoption: RESOLUTION NO. 84- 28 REDUCING DEVELOPMENT BOND MISSION HILLS PARK 7TH ADDITION (A-338) WHEREAS, n accordance with the development contract dated September 11, 1980, Mission Hills Park 7th Partnership, developer of Mission Hills Park 7th Addition (A-338), 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 Sod Pond or Ditch Construction Street Signs Street Sweeping and Storm Sewer Cleaninq Erosion Control Site Grading Park and Trail Improvements Design, Administration, Inspection TOTAL ORIGINAL AMOUNT NEW AMOUNT $ 60,300 5-0- 40,600 -0- 29,800 -0- 16,700 -0- 4,600 -0- 1,000 -0- 150 -0- 1,000 -0- 1,500 -0- 34,850 -0- 840 -0- 22,961 -n- S214,301 5 -0 - That the letter of credit which was previously reduced To 55,800 be further reduced to $0 (zero) to reflect the completed work. The motion for the adoption of the foregoing Resolution was duly seconded by • Mayor Davenport , and upon vote being taken thereon the following voted in favor thereof: Mayor Davenport, Councilmembers �leils, Schneider and Crain Ine Tollowing voted against or abstained: none Whereupon the Resolution was declared duly passed and adopted. xxx xxx www