HomeMy WebLinkAboutCity Council Resolution 1976-612CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meet in, of
the City Council of .the City of Plymouth, Minnesota was held on the the
18th day of October , 19_1fi. The following members were
present: Acting Mayor Hi rnjin-ri1mgn Spi
The follo-wing members were absent: Mayor Hilde and Councijman Neils
Councilman Seibold introduced the following Resolution and moved
its adoption: RESOLUTION NO. 76- 612
BOND REDUCTION
BELMAR INDUSTRIAL PARK
WHEREAS, Belmar Industrial Park, as developer, has platted Belmar Industrial Park
and therein dedicated certain streets and pursuant to certain phovisions of the
City Ordinances and Development Contract No. A-373 dated May 20, 1974, have
undertaken to construct certain streets and utilities within said plat, and
WHEREAS, the developer has requested the City to accept said utilities and streets
within said plat, and
WHEREAS,.the Developer has requested that his development be reduced to reflect
the completed work, and
WHEREAS, the City Engineer has inspected said streets and utilities,
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA: that development bond from Integrity Mutual Insurance Conpany(#104682-902622)
in the amount of $199,912.50 be reduced to $0.00 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded
by Councilman Spaeth , and upon vote being taken thereon, the
following voted in favor thereof: Acting Mayor Hunt, Councilmen Seibold
and Spa?th
The following voted against or abstained: Nnnp
Whereupon the Resolution was declared duly passed and adopted.