HomeMy WebLinkAboutCity Council Resolution 1985-136CITY 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 th day
of February , 1985. The following members were present: ayor
Davenport. Councilmembers Schneider. Crain and Vasiliou
owing members were absent:
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Councilmember Schneider introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 85- 136
REDUCING DEVELOPMENT BOND
MAPLE CREEK 2ND ADDITION (A-350)
W.:EREAS, 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
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:
wt -.37
Street Construction
Sanitary Sever
Watermain
Storm Sever
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sever Cleaning
Erosion Control
Site Grading
ORIGINAL AMOUNT NEW AMOUNT
$100,000
$-0-
100,000
-0-
78,000
-0-
35,000
-0-
20,000
-0-
28,000
-0-
1,200
-0-
2,000
-0-
2,000
-0-
120.000
-0-
$486,200 $-0-
That the letter of credit required which was previously reduced to $4,000 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 Vasiliou , and upon vote being taken thereon, the
following voted in favor thereof: __ftyor_QavenDort, Councilmembers Schneider,
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.