HomeMy WebLinkAboutCity Council Resolution 1987-131CITY 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 the 23rd day
of February , 1987. The following members were present:
Wy-or SchneideFT Councilmembers Crain Sisk and Zitur
The following members were absent: Councilmember Vasiliou
Councilmember Crain introduced the following Resolution and moved
its adoption:
RESOLUTION N0. 87-131
REDUCING DEVELOPMENT BOND
PLYMOUTH HILLS 4TH ADDITION (81073)
WHEREAS, in accordance with the development contract dated May 3, 1982,
Plymouth Hills Company, developer of Plymouth Hills 4th Addition, (81073) 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 $
Sanitary Sewer
Watermain
Storm Sewer
Boulevard Sod
Pond or Ditch Construction
Street Signs
Street Sweeping and Storm Sewer Cleaning
Park and Trail Improvements
Maintenance of Erosion and
Sediment Control Plan
Site Grading and Drainage Improvements
Design, Administration, Inspection, As-Builts
TOTAL
-0-
$ -0-
-0-
-0-
-0-
-0-
-0-
-0-
1,400
-0-
-0-
-0-
-0-
-0-
1,000
-0-
-0-
-0-
2,000
-0-
71,000
-0-
8,928
-0-
$ 84,328 $ -0-
That the letter of credit required be reduced from $1,000 to $0 (zero) to
reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Sisk —3
and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Crain,
Sisk, and Zitur
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.
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