HomeMy WebLinkAboutCity Council Resolution 1991-223CITY 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 22nd day of _&ril ,
1991. The following members were present: Ninyor Mr=an, Councilmembers Helliwell ,
Ricker, Vasiliou, and Zitur
The following members were absent: None
CoLmcil_member Helliwell_ introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 91-223
REDUCING DEVELOPMENT BOND
FERNDALE NORTH 4TH ADDITION (A-615)
WHEREAS, in accordance with the development contract dated July 15, 1979, Lundgren
Bros. Construction, Inc., developer of Ferndale North 4th Addition (A-615), 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:
ITEM ORIGINAL
Street Construction
AMOUNT
$ 55,000
NEW AMOUNT
$ -0-
Sanitary Sewer
50,100
-0-
Watermain
23,500
-0-
Storm Sewer
14,500
-0-
Boulevard Sod
5,800
-0-
Pond or Ditch Construction
2,000
-0-
Street Signs
450
-0-
Street Sweeping and Storm Sewer Cleaning
1,500
-0-
Erosion Control
1,500
-0-
Site Grading
6,000
-0-
Design, Administration, Inspection, As-Builts
19,242
-0-
TOTAL
TOTAL
$ 179,592
$ -0-
That the letter of credit required for the above items be reduced as detailed above
from $1,500 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: Mayor Berman. Councilmembers Helliwell, Ricker, Vasiliou,_ ,
we _and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.