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HomeMy WebLinkAboutCity Council Resolution 1985-824CITY 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 7th day of October , 1985. The following members were present-dy0r Davenport, Councilmembers Neils, Schneider, Crain and Vasiliou The following members were absent: none ,sft *e Councilmember Schneider introduced the following Resolution and moved its adoption: RESOLUTION NO. 85-324 REDUCING DEVELOPMENT BOND EVONNE'S LAKEVIEW ADDITION (A-819) WHEREAS, in accordance with the development contract dated May 21, 1979 Edward T. Johnston, developer of Evonne's Lakeview Addition (A-819), 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 Design, Administration, Inspection, As-Builts Larch Lane Improvement TOTAL ORIGINAL AMOUNT NEW AMOUNT $ 66,900 $ -0- 44,500 -0- 38,300 -0- 14,800 -0- 6,200 2,600 1,000 -0- 750 -0- 1,500 1,000 1,500 500 34,000 -0- 25,134 -0- 23.303 -0- $ 257,887 $ 4,100 That the letter of credit required for the above items be reduced as detailed above from $5,300 to $4,100 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 Neils, Schneider, Crain and Vasiliou The following voted against or abstained: none Whereupon the resolution was declared duly passed and adopted.