HomeMy WebLinkAboutCity Council Resolution 1984-579CM Of PLTMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota was hold on the 20th day
of August , 1984. The following members were present: or navennort,
Councilmembers Moen, Neils, Schneider and Crain
The following members were absent: nan,
Councilmember Schneider introduced the following Resolution and moved
its adoption:
RESOLUTION N0. 84- 579
REDUCING DEVELOPMENT BOND
ZACHARY HILLS 3RD ADDITION (79045)
WHEREAS, in accordance with the development contract dated September 13, 1983
and revised April 20, 1984, Marvin H. Anderson Construction Co., developer of
Zachary Hills 3rd Addition (79045), 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 COUNCI OF THE CITY OF
PLYMOUTH that the bonding requirements are reduced as follows:
ITEM
ORIGINAL AMOUNT NEW AMOUNT
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Park and Trail Improvements
Maintenance of Erosion b Sediment Control Plan
Site Grading
Design, Administration, Inspection, As-Builts
TOTAL
$ -0-
$ -0-
-0-
-0-
-0-
-0-
-0-
-0-
2,800
2,800
-0-
-0-
150
150
1,500
1,500
-0-
-0-
3,000
3,000
20,000
-0-
3,294 894
$30,744 $8,344
That the letter of credit required for private improvements be reduced from
$30,744 to $8,344 to reflect the completed work.
FURTHER BE IT RESOLVED that the letter of credit required for public improve-
ments (Project 412) remains at $88,168 per the revised development contract.
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.