HomeMy WebLinkAboutCity Council Resolution 1976-0430 0
CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a re ular meeting of the City
Council of the City of Plymouth, Minnesota, was he d on the 19th day
of January , 1976 . The following members were present:
ng memoers were
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Councilman Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 76- 43
BOND REDUCTION MEADOWLAWN ESTATES 4TH ADDITION
WHEREAS, the Marvin Anderson Construction Company, developer of Meadowlawn Estates
4th Addition, File A-177, have entered into a development contract with the City of
Plymouth to provide certain sewer, water, street and park construction for said
development and provided a performance bond to guarantee same, and
WHEREAS, the Developer has requested that his bond be reduced to reflect the
completed work,
WHEREAS, the City Engineer has determined that th% following work still remains:
Park Work $2,000.00
Utility Work $2,000.00
Total $d OUFO
Bond Amount $6,OCO.00
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that Development Bond No. 104609-902602 Integrity Mutual Insurance Company
dated March 4, 1974 in the amount of $20,362.17 for the Meadowlawn Estates 4th Addition,
Part A, is hereby reduced to $6,000.00 to reflect the completed work to date.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilman Spaeth and upon vote being taken thereon, the
0 owing vote in favor thereof: Mayor Hilde, Councilmen Neils, Seibold
Ine Tollowing voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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