HomeMy WebLinkAboutCity Council Resolution 1987-732CITY 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 2nd day of November ,
1987. The following members were present: Mayor Schneider+ Cniinrj1mPmbPrs Vas"1'on
Zitur, Crain and Sisk
The following members were absent: NnnP
„CminrilmPmher Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-732
REDUCING DEVELOPMENT BOND
HERITAGE WEST 2ND ADDITION (86048)
WHEREAS, in accordance with the development contracL dated April 6, 1987, Heritage
West, Inc., Builders Finance, Inc., developer of Heritage West 2nd Addition (86048),
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,
MINNESOTA; that the bonding requirements are reduced as follows:
Street Construction $ 54,000 $ 10,800
Sanitary Sewer 43,000 4,300
Watermain 39,000 3,900
Storm Sewer 41,000 4,100
Boulevard and Drainage Swale Sod 4,000 2,000
Pond or Ditch Construction -0- -0-
Street Signs 300 300
Site Grading and Drainage Improvements 10,000 -0-
Park and Trail Improvements -0- -0-
Design, Administration, Inspection, As-Builts 22.M 3+048
TOTAL $ 214,256 $ 28,448
That the letter of credit required for the above items be reduced as detailed above
from $45,584 to $28,448 to reflect the completed work.
The motion for tha adoption of the foregoing Resolution was duly seconded by
Catineilmomher Zitur , and upon vote being taK-n thereon, the following voted
in favor thereof: Mayor Schneider, Councilmembers Vasiliou. Zitur. Crain and ,
Sisk
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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