HomeMy WebLinkAboutCity Council Resolution 1985-313CITY 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 6th day
of May , 1985. The following members were present: Mayor Davenport,
Counci members Neils, Schneider, Crain and Vasiliou
The following members were absent: none
Councilmember Schneider introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 85- 313
REDUCING DEVELOPMENT BOND
VICKSBURG WEST ADDITION (82066)
WHEREAS, in accordance with the development contract dated October 17, 1983,
the City of Minneapolis, developers of Vicksburg West Addition (82066), 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 $233,740 $233,740
Park and Trail Improvements 21,235 -0-
Design, Administration, Inspection, As-Builts 2,548 500
TOTAL
$257,523 $234,240
That the letter of credit required be reduced from $257,523 to $234,240 to
reflect the completed work.
FURTHER, BE IT RESOLVED that the trail grading without Outlot B is accepted as
of May 6, 1985 for continual maintenance subject to the one year guarantee by
the developer.
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: Mayor Davenport, Councilmembers Neils,
Schneider, Crain and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.
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