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HomeMy WebLinkAboutCity Council Resolution 1984-400CITY OF PLYMOUTH Pursuant to due call and notice thereof, a re ular meeting of the City Council of the City of Plymouth, Minnesota was held on We 18th day of June , 1984. The following members were present: Mayor Davenport, Councilmembers en, Neils, Schneider and Crain The following members were absent: none Councilmember Schneider introduced the following Resolution and moved its adoption: RESOLUTION NO. 84- 400 REDUCING DEVELOPMENT BOND TRENTON PLACE FIRST ADDITION (81043) WHEREAS, in accordance with the development contract dated April 9, 1982, U. S. Home Corporation, developer of Trenton Place First Addition (81043), 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 Construction $ 50,311 $ 8,268 Sanitary Sewer 8,468 -0- Watermain 21,078 -0- Storm Sewer 8,615 -0- Boulevard and Drainage Swale Sod 3,974 3,974 Pond or Ditch Construction -0- -0- Street Signs 300 300 Street Sweeping and Storm Sewer Cleaning 1,000 1,000 Maintenance of Erosion & Sediment Control Plan 2,000 2,000 Site Grading 52,000 -0- Design, Administration, Inspection, As-Builts 17,730 1,865 TOTAL $165,476 $17,407 That the letter of credit required be reduced from $129,897 to $17,407 to reflect the completed work. FURTHER BE IT RESOLVED that the sanitary sewer, watermain and storm sewer construction are accepted as of June 18, 1984 for continual maintenance subject to the one year guarantee by the developer. 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:Mavor Davenport, Councilmembers Moen. Neils. . Schneider and Crain The following voted against or abstained: none Whereupon the Resolution was declared duly passed and adopted.