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HomeMy WebLinkAboutCity Council Resolution 1975-641W W CITY 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 17th day of November %, 19 75 . The following members were present: Acting Mayor Hunt, Councilmen Neils, Seibold and Spaeth The following members were absent: Mayo tr* rhtf k Councilman Seibold introduced the following Resolution and moved its adoption: RESOLUTION NO. 75- 641 BOND REDUCTION IMPERIAL HILLS 5TH ADDITION WHEREAS, Ecklund-Swedlund Home Builders, as Developer, have platted Imperial Hills 5th Addition and therein dedicated certain streets and pursuant to provisions of City Ordinance and Development Contract No. A-242, dated September 8, 1972 have undertaken to construct certain street and utilities and various off-site improvements within said plat, WHEREAS, the Developer has requested that the bond covering said improvements be released and WHEREAS, all said work is deemed complete in accordance with City requirements, NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA that the development bond (Summitt Insurance Company of New York Bond #1470) is hereby reduced from $26,587.00 to $0.00 subject to the developer paying invoice for engineering services rendered by the City. The motion for the adoption of the foregoing Resolution was duly seconded by Councilman Neils and upon vote being taken thereon, the following voted in favor thereof: "Acting Mayor Hunt, Councilmen Neils, Seibold and Spaeth The following voted against or abstained: none Whereupon the Resolution was declared duly passed and adopted.