HomeMy WebLinkAboutCity Council Resolution 1984-399Councilmember Schneider introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 84- 399
REDUCING DEVELOPMENT BOND
MAPLE CREEK 2ND ADDITION (A-350)
WHEREAS, in accordance with the development contract dated July 10, 1978,
Northland Mortgage Company, developer of Maple Creek 2nd 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
ORIGINAL AMOUNT
NEW AMOUNT
Street Construcrion
$100,000
$ -0-
Sanitary Sewer
100,000
-0-
Watermain
78,000
-0-
Storm Sewer
35,000
-0-
Boulevard Sod
20,000
2,000
Pond or Ditch Construction
28,000
4,000
Street Signs
1,200
-0-
Street Sweeping and Storm Sewer Cleaning
2,000
1,000
Erosion Control
2,000
500
Site Grading
120,000
-0-
TOTAL
$486,200
$7,500
That the letter of credit which was previously reduced to $29,200 be further
reduced to $7,500 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
CoMncilmember 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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