HomeMy WebLinkAboutCity Council Resolution 1977-377• CITY OF PLYMOtM1 •
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was e lon the
15th day of August , 19 77. The following members were
present: Mayor mild e. councilmen Hunt, Neils, Seibold and Spaeth
The following members were absent: Non,
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Councilman Spaeth introduced the following Resolution and moved
is tion:
RESOLUTION NO. 77- 377
REDUCTION OF DEVELOPMENT BOND
MEADOWLAWN ESTATES 5TH ADDITION
WHEREAS, Marvin H. Anderson Construction Company, developer of Meadowlawn Estates
5th Addition (A -File 600) has entered into a development contract with the City
of Plymouth to provide for the installation of certain street and off-site
improvements per the City Ordinances and in conformance with said Development
Contract dated July 26, 1976, and
WHEREAS, said Developer has provided the City of Plymouth with a letter of credit
No. 11850 from the First National bank of St. Paul in the amount of $75.505.00,
dated December 7, 1976, and
WHEREAS, the Developer has requested reduction to reflect the completed street
work contained in the Development Contract,
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the letter of credit for Meadowlawn Estates 5th Addition (#11850
First National Bank of St. Paul) in the amount of $75,505.00 is hereby reduced to
$25,000.00.
ITEM DEV. CONTRACT
Street Construction $ 65,450.00
Sod $ 8,875.00
Street Signs $ 180.00
Street Sweep/Storm
Sewer Clean $ 1,000.00
COMPLETED WORK BALANCE
$ 50,505.00 $ 14,945.00
0.00 $ 8,875.00
0.00 $ 180.00
0.00 $ 11000.00
The motion for the adoption of the foregoing Resolution was duly seconded
by,uncilman Neils , and upon vote being taken thereon, the
folvote in favor ereof: Mayor Hilde. Councilmen Hunt, Neils,
Seibo d and Spaeth
MRiereupon the Resoluti was declared duly pass adopted.
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