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HomeMy WebLinkAboutCity Council Resolution 1985-998CITY OF PLYMOUTH Pursuant to due call and notice thereof, a Rpgijar meeting of the City Council of the City of Plymouth, Minnesota was held on the 1Fth day Of— n -camber , 1985. The following members were present: The o owing mem ers were a sent: *,tet Councilmtmber Schneider introduced the following Resolution and moved its adoption: RESOLUTION NO. 85-998 REDUCING DEVELOPMENT BOND BASS LAKE HEIGHTS ADDITION (83008) WHEREAS, in accordance with the development contract dated February 23, 1984, BLH Development Company, developer of Bass Lake Heights Addition, has agreed to insta 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 $ 67,070 $ 6,707 • Sanitary Sewer 58,128 -0- Watermain 45,395 -0- Storm Sewer 57,343 -0- Boulevard Sod 9,400 1,800 Pond or Ditch Construction -0- -0- Street Signs 450 -0- Street Sweeping and Storm Sewer Cleaning 2,000 2,000 Maintenance of Erosion and Sediment Control Plan 2,000 2,000 Site Grading and Drainage Improvements 44,820 -0- Park and Trail Improvements -0- -0- Design, Administration, Inspection, As-Builts 34,393 1,260 TOTAL $320,999 $13,767 That the letter of credit required be reduced from $31,672 to $13,767 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 Crain, Neils and Schneider The following voted against or abstained: none Whereupon the Resolution was declared duly passed and adopted.