HomeMy WebLinkAboutCity Council Resolution 1980-367CITY OF
Pursuant to due call and notice thereof, a re ular meeting of
the City Council of the City of Plymouth, Minnesota was helA on the
incl day of June , 19 80. The following members were
present: Mayor Hunt. Councilmembers Davenport Hoyt, Neils and Schneider
The following mem ers were absent: None
Councilmember Hoyt introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 80-367
REDUCING DEVELOPMENT BOND
VOLP ADDITION (A-780)
WHEREAS, in accordance with the development contract, dated April 14, 1978,
Volp Construction Co., developer of Volp Addition (A-780) has agreed to install
certain improvements for said development, and
WHEREAS, the developer has completed a portion of the street, utility and site
grading as noted below, and
WHEREAS, the developer has requested a reduction of the development bond to
reflect the completed work,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the bonding requirements are reduced as follows:
ITEM
Street Signs
Street Sweeping &
Storm Sewer Cleaning
Erosion Control
Site Grading
TOTALS
ORIGINAL AMOUNT
NEW AMOUNT
$ 150
$ 150
11000
11000
1,000
11000
20,000
5,000
$22,150
$7,151J
That the Letter of Credit be reduced to $7,150 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Neils , and upon vote being tokken thereon, the
following voted n favor ergo : Mayor Hunt, Cound members Davenport, Hoyt,
-;..W-.nv •v�cu ayainaL ur austalnea: None.
re Pon the Resolution was declared duly passed and adopted.