HomeMy WebLinkAboutCity Council Resolution 1985-961RESOLUTION NO. 85- 961
REDUCING DEVELOPMENT BOND
MEDICINE LAKE ESTATES (A-723)
WHEREAS, in accordance with the development contract dated September 19, 1977,
Richard Smith, developer of Medicine Lake Estates (A-723), 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
78,500--0-
Sanitary Sewer
78,900
-0-
Watermain
41,600
-0-
Storm Sewer
25,000
-0-
Boulevard and Drainage Swale Sod
9,200
-0-
Pond or Ditch Construction
-0-
-0-
Street Signs
450
-0-
Street Sweeping and Storm
Sewer Cleaning
2,500
-0-
Maintenance of Erosion and
Sediment Control Plan
2,500
-0-
Site Grading
20,800
-0-
TOTAL
$ 259,450
$ -0-
That the letter of credit required be
reduced from $3,500 to $0 (zero) 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.
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