HomeMy WebLinkAboutCity Council Resolution 1986-829CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota was held on the 15th day
' of December , 1986. The following members were present:
Mayor c neider, Councilmembers Crain, Sisk, Vasiliou, and Zitur
The following members were absent: none
Councilmember Sisk introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 86-829
REDUCING DEVELOPMENT BOND
CEDAR RIDGE ADDITION (A-813)
WHEREAS, in accordance with the development contract dated July 24, 1978, B -T
Land Company, developer of Cedar Ridge Addition (A-813) 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
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Erosion Control
Site Grading
City Project 804
Boulevard Trees
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$ 92,750
$ -0-
74,760
-0-
67,480
-0-
0-
32,480
32,480
-0-
15,000
-0-
1,000
-0-
750
-0-
1,000
-0-
2,000
-0-
81,000
-0-
57,495
-0-
-0-
-0-
$425,715
$ -0-
That the letter of credit required be reduced from $1,300 to $0 (Zero) 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
following voted in favor thereof: mor Schneider, Councilmembers Crain, Sisk
Vasiliou. and Zitur
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.