HomeMy WebLinkAboutCity Council Resolution 1985-314CITY 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,
Councilmembers Neils, Schneider, Crain and Vasiliou
The following members were absent: nOne
Councilmember Schneider introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 85- 314
REDUCING DEVELOPMENT BOND
SCHMIDT LAKE HILLS (A-793)
WHEREAS, in accordance with the development contract dated March 8, 1979, Elm
Creek Acres Partnership, developers of Schmidt Lake Hills (A-793), 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 CJUNCIL OF THE CITY OF
PLYMOUTH that the bonding requirements are reduced as follows:
• ITEM
ORIGINAL AMOUNT
NEW AMOUNT
Street Construction
$ -0-
$ -0-
Sanitary Sewer
-0-
-0-
Watermain
-0-
-0-
Storm Sewer
-0-
-0-
Boulevard Sod
11,1100
2,200
Pond or Ditch Construction
7,000
-0-
Street Signs
1,050
-0-
Street Sweeping and Storm Sewer Cleaning
2,000
500
Erosion Control
2,000
500
Site Grading
59,000
-0-
Design, Administration, Inspection, As-Builts
7,080
-0-
TOTAL
$ 89,930 $3,200
That the letter of credit required be reduced from $12,000 to $3,200 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: Mayor Davenport, Councilmembers Neils,
Schneider, Crain and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.