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HomeMy WebLinkAboutCity Council Resolution 1986-785CITY OF PLYMOUTH Pursuant to due call and notice thereof, a special meeting of the City Council of the City of Plymouth, Minnesota was held on--t'—he 24th day of November , 1986. The following members were present: The follow *mak rs were absent: none Councilmember Sisk introduced the following Resolution and moved its adoption: RESOLUTION NO. 86-785 REDUCING DEVELOPMENT BOND EVONNE'S LAKEVIEW ADDITION (A-819) WHEREAS, in accordance with the development contract dated May 21, 1979 Edward T. Johnston, developer of Evonne's Lakeview Addition (A-819) 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 Co:.struction $ 66,900 $ -0- Sanitary Sewer 44,500 -0- Watermain 38,300 -0- Storm Sewer 14,800 -0- Boulevard Sod 6,200 600 Pond or Ditch Construction 1,000 -0- Street Signs 750 -0- Street Sweeping and Storm Sewer Cleaning 1,500 200 Erosion Control 1,500 200 Site Grading 34,000 -0- Design, Administration, Inspection, As-Builts 25,134 -0- Larch Lane Improvement 23,303 -0- TOTAL $257,887 $ 1,000 That the letter of credit required for the above items be reduced as detailed from $4,100 to $1,000 to reflect the completed work. The motion for the adoption of the foregoing Resolution was duly seconded by _Councilmember Zitur , and upon vote being taken thereon, the foglowing voted in favor thereof: _Mayor Schneider, Councilmembers Crain, Sisk, Vasiliou, and Zitur The following voted against or abstained: none Whereupon the Resolution was declared duly passed and adopted.