HomeMy WebLinkAboutCity Council Resolution 1976-661-If CITY OF PLYMOUTH •
Pursuant to due call and notice thereof, a special meeting of
the City Council of .the City of Plymouth, Minnesota was held on the the
8th day of November , 19 76, The following members were
present: Mayor Hilde, Councilmen Hunt, Neils, Seibold and Spaeth
The following members were absent: None
•t*
Councilman Seibold _ introduced the following Resolution and moved
is adoption:
RESOLUTION NO. 76-661
BOND REDUCTION
HEMLOCK LANE ADDITION
WHEREAS, the City of Plymouth has entered into a development contract with Chandler -Topic.
for the Hemlock Lane Addition, dated September 16, 1974,
WHEREAS, under this development contract the developer was required to do certain work
as specified in Development Contract A-523 and posted a certificate of deposit in the
amount of $3,000.00 to cover these items.
WHEREAS, the developer has requested that said certificate of deposit be released,
WHEREAS, the City Engineer has reviewed said requirements and recommends that the -
certificate of deposit be released,
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the certificate of deposit in the amount of $3,000.00 is hereby
reduced to $0.00 for the Hemlock Lane Addition and the Finance Director is hereby
authorized to return said certificate of deposit to the developer.
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: Mayor Hilde, Councilmen Neils, Hunt,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.