HomeMy WebLinkAboutCity Council Resolution 1975-670CITY 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
1st day of December , 19_Z5_. The following members were
present: Mayor. Hilde. Coun.cilmen Hunta'- and SPibo1A
The following members were absent: Councilman Spaeth
Councilman Hunt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 75-670
WAIVING CASH DOWNPAYMENT OR DEVELOPMENT BOND
WHEREAS, Mr. Larry Boardman has received City Council approval for a lot division
Of his property at 4155 Revere Lane,legflly described as plat 43713 parcel 410,
WHEREAS, Mr. Boardman has petitioned for the installation 4f certain public improvements
to be installed aider a*public improvement project and assessed against the benefitting
properties, and
WHEREAS, the City ordinances require a 25% cash downpayment or development bond to
protect the City's financial position, and
WHEREAS, this proposed development consists of only three lots, which require a small
investment for providing streets and utilities,
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE'CITY OF PLYMOUTH,
MINNESOTA that the 25% downpayment or development bond for Larry Boardman's property
at 4155 Revere Lane (Project 523) -is hereby waived because of the small scope of
project and it is felt by the City Council that the benefits outweigh the risk
to the City.
The motion for the adoption of the .foregoing Resolution was duly seconded
by Councilman , and upon vote being taken thereon, the
following voted in favor thereof: (Mayor Hilde Gnunrilman Hunt 49ils
and Seibold
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.