HomeMy WebLinkAboutCity Council Resolution 1984-577My of PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City
Conseil of the City of Plymouth, Minnesota was held on the 20th day
of August , 19". the following members were present: Mayor Davenport,
CoAWAMrs nen, Neils, Schneider and Crain
The following members were absent: none
CouncilnvWMr Schneider introduced the following Resolution and moved
Its adoption:
RESOLUTION N0. 84- 577
REDUCING DEVELOPMENT BOND
MAPLE CREEK 2ND ADDITION (A-350)
NBEREAS, 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
VERREAS, the developer has requested a reduction of the development bond to
reflect the completed work;
NOW, '!HEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLIMOUTH that the bonding requirements are reduced as follows:
ITEM
ORIGINAL AMOUNT
NEW AHJUNT
Street Construction
$100,000
$ -0-
Sanitary Sewer
100,000
-0-
vatermain
78,000
-0-
Storm Sever
35,000
-0-
Boulevard Sod
20,000
-0-
Pond or Ditch Construction
28,000
4,000
Street Signs
1,200
-0-
Street Sweeping and Storm Sewer Cleaning
2,000
-0-
Erosion Control
2,000
'0 -
Site Grading
120,000
-0-
TOTAL
$486,200
$4,000
That the letter of credit which was previously
reduced to $5,200 be
further
reduced to $4,000 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: Mayor Davenport, Councilmembers Moen,
Neils, Schneider and Crain
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.