HomeMy WebLinkAboutCity Council Resolution 1985-958Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota woo hold on the 2nd day
of December, 1985. The following members were present:: -or Davenport.
ouncilmembers Neils, Schneider and Crain
The following members were absent: Counci IWO PyallI lou
Councilmember Crain introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 85- 958
REDUCING DEVELOPMENT BOND
WEST MEDICINE LAKE TERRACE (80008)
WHEREAS, in accordance with the development contract dated January 12, 1983,
B -T Land Company, developer of West Medicine Lake Terrace (80008), 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
MEii ANOUNT
Street Construction
$139,660
$ -0-
Sanitary Sewer
103,285
-0-
Watermain
92,100
-0-
Storm Sewer
31,330
-0-
Boulevard and Drainage Swale Sod
18,000
31600
Pond or Ditch Construction
-0-
-0-
Street Signs
600
-0-
Street Sweeping and Storm
Sewer Cleaning
2,000
500
Park and Trail Improvements
-e-
Site Grading and Drainage Improvements
128,420
-0-
Maintenance of Erosion and
Sediment Control Plan
51000
1,000
Design, Administration, Inspection, As-Builts
62,447
600
TOTAL
$582,842
$ 5,700
That the letter of credit required be reduced from
$32,303 to $5,700
to reflect
the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Neils , and upon vote being taken thereon, the
ollowin voted in favor thereof: Mayor Devenport, Councilmember Neils,
Schneiler and Crain
The following voted against or abstained: none
Whereupon the Resolution was declared duly ass
� y � and a sits .