HomeMy WebLinkAboutCity Council Resolution 1986-098CITY OF PLYMOUTH
Pursuant to due call and notize thereof, a special meeting of the City
Council of the City of Plymouth, Minnesota was held on the 10th day
of February , 1986. The following members were present: yor
Schneider, Councilmembers Sisk, Crain, Zitur and Vasiliou
The following members were absent: none
Councilmember Sisk introduced the following Resolution and moved
its adoption:
RESOLUTION N0. 86- 98
REDUCING DEVELOPMENT BOND
SCHMIDT LAKE HILLS (A-793)
WHEREAS, in accordance with the development contract dated March 8, 1979, Elm
Creek Acres Partnership, developers of Schmidt Lake Hills (A-793) 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 TSE CITY OF
PLYMOUTH that the bonding requirements are reduced u follows:
. ITEM ORIGINAL AMUVMT MEN ANO MT
Street Construction $
-0-
Sanitary Sever
-0-
-.0-
Watermain
-0-
-0-
Storm Sewer
-0-
--0-
Boulevard Sod
11,800
600
Pond or Ditch Construction
7,000
-0-
Street Signs
1,050
-0-
Street Sweeping and Storm Sever Cleaning
2,000
200
Erosion Control
2,000
200
Site Grading
59,000
-0-
Design, Administration, Inspection, As -Built@
7,080
-0-
TOTAL
$ 89,930 $1,000
That the letter of credit required be reduced from $3,200 to $1,000 to reflect
the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Vasiliou , and upon vote being taken thereon, the
. following voted in favor thereof: Mayor Schneider, Councilmembers Crain,
Sisk, Zitur and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.
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