HomeMy WebLinkAboutCity Council Resolution 1988-492CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a reizullar meeting of the City Council of
the City of Plymouth, Minnesota was held on the 15th day of Auzust ,
1988. The following members were present: Mayor Schneider, Councilmembers Vasiliou ,
$ycker. Zitur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88- 492
REDUCING DEVELOPMENT BOND
BASS LAKE PLAZA ADDITION (A-449))
WHEREAS, in accordance with the development contract dated December 31, 1973, M. G.
Astleford, developer of Bass Lake Plaza Addition (A-449), 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:
im ORIGINAL AMOUNT NEW AMOUNT
Street and Sidewalk $ 114,620 $ 100,000
Sanitary Sewer 37,630 3,763
Watermain 36,100 3,610
Storm Sewer 15,000 1,500
Boulevard and Drainage Swale Sod 5,000 5,000
Pond or Ditch Construction -0- -0-
Street Signs 150 150
Site Grading and Drainage Improvements -0- -0-
Park and Trail Improvements -0- -0-
Street Sweeping 500 500
TOTAL $ 209,000 $ 114,523
That the letter of credit required for the above items be reduced as detailed above
from $157,845 to $114,523 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Cnuncilmembpr Zitur , and upon vote being taken thereon, the followinvoted
in favor thereof: _ Mayor Schneider, Councilmembers Vasiliou, Ricker, Zitur and tisk
. The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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