HomeMy WebLinkAboutCity Council Resolution 1985-825cm of nwam
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: ayor 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 N0. 85- 825
REDUCING DEVELOPMENT BOND
FOX FOREST 2ND ADDITION (80045)
WHEREAS, in accordance with the development contract dated September 26, 1984,
Cheyenne Land Company, developer of Fox Forest 2nd Addition (80045), 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
MEW AMOUNT
Street Construction
$ 55,700
$ 5,900
Sanitary Sewer
28,300
-0-
Watermain
40,100
-0-
Storm Sewer
22,700
-0-
Boulevard and Drainage Swale Sod
8,200
2,000
Pond or Ditch ,onstruction
-0-
-0-
Street Signs
300
300
Street Sweeping and Storm
Sewer Cleaning
2,000
2,000
Park and Trail Improvements
9,800
-0-
Site Grading and Drainage Improvements
-0-
-0-
Maintenance of Erosion and
Sediment Control Plan
2,000
1,000
Design, Administration, Inspection, Aa-Builts
20,292
1,344
TOTAL
$ 189,392
$ 12,544
That the letter of credit required be reduced from $71,904 to $12,544 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.