HomeMy WebLinkAboutCity Council Resolution 1984-708CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular- meeting of the City
Council of the City of Plymouth, Minnesota was held on the 1st day
of October , 1984. Th- following members were present: ayor Davenport,
ounce mere era eils, Shneider and Crain
The following members were absent: Councilmember Moen
Councilmember Neils introduced the following Resolution and moved
eta adopo..-
RESOLUTION NO. 84- 708
REDUCING DEVELOPMENT BOND
MINNEAPOLIS INDUSTRIAL PARK 3RD ADDITION (A-199)
WHEREAS, in accordance with the development contract dated August 15, 1977,
Carlson Properties, Inc., developer of Minneapolis Industrial Park 3rd
Addition, 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 Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and
Erosion Control
Site Grading
TOTALS
Storm Sewer Cleaning
ORIGINAL AMOUNT NEW AMOUNT
$ 96,300
$-0-
30,200
-0-
63,900
-0-
46,000
-0-
7,500
-0-
10,000
-0-
75
-0-
1,000
-0-
5,000
-0-
78,400
-0-
$338,375
$-0-
That the letter of credit which was previously reduced to $10,000 be further
reduced to $0 (zero) to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Crain , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Davenport, Councilmembers Neils,
Schneider and Crain
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.