HomeMy WebLinkAboutCity Council Resolution 1984-440CITY OF PLYMOUTH,
Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota wan held on the- 2nd day
of Jul , 1984. The following members were present: Acting Mayor
Schnee er, ouncilmembers Moen and Crain
The following members were absent: mayor uavenport, L;Ouncle7 Is
Councilmember Crain introduced the following Resolution and moved
its adoption:
RESOLUTION N0. 84- 440
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 Sever
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
400
2,500
2,500
1,050
-0-
1,000
500
1,000
500
100,000
-0-
$249,465 $3,900
That the letter of credit which was previously reduced to $4,500 be further
reduced to $3,900 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Moen , and upon vote being taken thereon, the
following voted in favor thereof: Acting Mayor Schneider, Councilmembers
Moen and Crain
Th- Lu. lWing voted against or abstained: none
Where -••3n the Resolution was declared duly passed and adopted.