HomeMy WebLinkAboutCity Council Resolution 1985-173CITY 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 4th day
of March , 1985. The following members were present:
10 Mayor Davenport, Councilmembers Crain, Schneider and Vasiliou
The following members were absent: Councilmember Neils
Councilmember Schneider introduced the following Resolution and moved
its adoption.
RESOLUTION NO. 85- 173
REDUCING DEVELOPMENT BOND
CREEKWOOD HILLS (A-648)
WHEREAS, in accordance with the development contract dated July 12, 1979,
Universal Land Corporation, developer of Creekwood Hills (A-648), 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
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction (Residential)
$ 75,783
$ -0-
Street Construction (49th Avenue)
72,000
-0-
Sanitary Sewer
50,157
-0-
Watermain
50,032
-0-
Storm Sewer
40,000
-0-
Boulevard Sod
8,000
2,600
Pond or Ditch Construction
5,000
-0-
Street Signs
750
-0-
Street Sweeping and Storm Sewer Cleaning
2,000
-0-
Erosion Control
5,000
-0-
Site Grading
17,000
-0-
Seeding Outlot C
33.000
-0-
TOTALS
$358,722 $2,600
That the letter of credit required which was previously reduced to $71,171 be
further reduced to $2,600 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 Crain,
Schneider and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.