HomeMy WebLinkAboutCity Council Resolution 1985-959Pursuant to due call and notice thereof, a regular sleeting of the City
Council of the City of Plymouth, Minnesota was held on theday
of December 1985. The following members were present: -Mayor DayenAort,
CounciliRWRsils, Schneider and Crain
The following members were absent: Councilmember Vasiliou
a+t *ate
Councilmember Crain introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 85-959
REDUCING DEVELOPMENT BOND
WEST MEDICINE LAKE TERRACE 2ND ADDITION (80008)
WHEREAS, in accordance with the development contract dated April 14, 1983, B -T
Land Company, developer of West Medicine Lake Terrace 2nd Addition (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
NEW AMOUNT
Street Construction
10
$ 36,202
$3,620
Sanitary Sewer
19,923
-0-
Watermain
21,310
-0-
Storm Sewer
-0-
-0-
Boulevard and Drainage Swale Sod
3,600
800
Pond or Ditch Construction
-0-
-0-
Street Signs
150
-0-
Street Sweeping and Storm
Sewer Cleaning
800
400
Park and Trail Improvements
-0-
-0-
Site Grading and Drainage Improvements
-0-
-0-
Maintenance of Erosion and
Sediment Control Plan
1,000
500
Design, Administration, Inspection, As-Builts
9,958
638
TOTAL
$ 92,943
$ 5,958
That the letter of credit required be reduced from
$46,762 to $5,958
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
following voted in favor thereof: Mayor Davenport, Councilmembers Neils,
Schneider and Crain
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.