HomeMy WebLinkAboutCity Council Resolution 1978-395*CITY OF PLYMOUTH •
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was he don t e
26th day of June 1978 . The following members were
present:
The following members were absent: None
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introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 78-395
REDUCING DEVELOPMENT BOND
MISSION RIDGE IST ADDITION (A-338)
WHEREAS, in accordance with the developm-ant contract, dated June 3, 1975, Lundgren
Bros. Construction Company, Inc., developer of Mission Ridge 1st Addition (A-338),
has agreed to install certain improvements for said development, and
WHEREAS, the developer has completed the street, utility and site grading, except
for the following work:
1. Mission Ridge Park - cut the grass in park area twice more and feed the
thinly covered areas.
2. Streets - expose the few gate valves that were covered over by the final
street surfacing.
3. 36th Avenue ditch - regrade ditch and rip -rap areas as directed by the engineer,
together with installing additional driveway culverts
underneath the driveways west of Forestview Lane, and
WHEREAS, the developer has on file with the City, a development bond in the amount
of $2100.00 and requests that this be released and replaced with a $1500.00 cash
escrow to cover the above referenced work.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA
that the existing bond with The Travelers Indemnity Company be released, and in lieu
of this bond, a 51500.00 cash escrow be deposited with the City by the developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Neils , and upon vote being taken thereon, the
following vote n favor thereof: Mavor Hunt, Councilmembers Hoyt, Neils,
Seibold and Spaeth
Ine following vote against ora std ne ; None
Whereupon the Resolution was declared duly passed and adopted,
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