HomeMy WebLinkAboutCity Council Resolution 1980-166CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was a on the
3rd day of March , 19 80. The following members were
present: Mayor Hunt, Councilmembers Davenp—o-rT, Hoyt, Neils and Schneider
The following memoirs were absent: None
er Davenport introduced the following Resolution and
moved Its adoption:
RESOLUTION NO. 80- 166
REDUCING DEVELOPMENT BOND
BASS LAKE OAKS ADDITION (A-634)
WHEREAS, in accordance with the development contract, dated June 8, 1976, Dorothy
Follese, developer of Bass Lake Oaks Addition (A-634), has petitioned the City
to install certain improvements for said development; and
WHEREAS, the City has completed all of the improvements as required; and
WHEREAS, the developer has furnished the City a Letter of Credit guaranteeing the
payment of the special assessments for two years; and
WHEREAS, the first two years assessments have been paid on all lots within the
addition;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the bonding requirements are eliminated and the letter of credit
($20,552.00) is released.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Neils , and upon vote being taken thereon, the
following vo e n favor ereo ayor Hunt, Councilmembers Davenport,
Hoyt, Neils and Schneider
o .
The lowing voted against or ste ne
Whereupon the Resolution was declared duly passed and adopted.