HomeMy WebLinkAboutCity Council Resolution 1984-398CITY OF PLYMOUTH
The tollowing members were absent none
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Councilmember Schneider introduced the following Resolution and moved
its adaption:
RESOLUTION NO. 84- 398
REDUCING DEVELOPMENT BOND
MAPLE CREEK ADDITION (A-350)
WHEREAS, in accordance with the development contract dated March 23, 1978,
Northland Mortgage Company, developer of Maple Creek Addition (A-350), 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 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 Cleaning
Erosion Control
Site Grading
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$ 50,000
$ -0-
35,370
-0-
23,250
-0-
22,350
-0-
12,000
1,000
2,500
2,500
1,050
-0-
1,000
500
1,000
500
100,000
-0-
$249,465 $4,500
That the letter of credit which was previously reduced to $12,500 be further
reduced to $4,500.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Neils , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Davenport, Councilmembers Moen, Neils,
Schneider and Crain
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.
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