HomeMy WebLinkAboutCity Council Resolution 1985-135CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City
Council of the City of Plymouth, Minnesota was held on the 25th day
Of Fehruarx_, 1985. The following members were present: Mayor
nagenpart, Councilmembers Schneider. Crain and Vasiliou
The following members were absent: Councl mutt eP Neils
Councilmember Schneider introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 85- 135
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 Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Erosion Control
Site Grading
TOTAL
ORIGINAL A14OUNT NEW AMOUNT
$ 50,000
$-0-
35,370
-0-
23,250
-0-
22,350
-0-
12,000
-0-
2,500
-0-
1,050
-0-
1,000
-0-
1,000
-0-
100.000
-0-
$249,465 $-0-
That the letter of credit required which was previously reduced to $2,500 be
further reduced to $0 (zero) to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
. Couuncilmember Vasiliou , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Davenport, Councilmembers Schneider,
Crain and Vasiliou
The following voted against or abstained: nong
Whereupon the Resolution was declared duly passed and adopted.