HomeMy WebLinkAboutCity Council Resolution 1981-051CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meetinn_ of
the City Council of the City of Plymouth, Minnesota was hefaon the
19th day of Januar , 1931 . The following members were
present: Mayor Davenport, Councilmem ers Hot Neils, Schneider & Threinen
The following members were absent: None
Councilmember Neils introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 81-51
REDUCING DEVELOPMENT BOND
TIMBER CREEK (A-739)
WHEREAS, in accordance with the development contract, dated October 13, 1977,
Saratoga Development and Jopp Construction, developers of Timber Creek, have
agreed to install certain improvements for said development, and
WHEREAS, the developers have completed a portion of the street, utility and site
grading as noted below, and
WHEREAS, the developers have 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 bond requirements are reduced as follows:
ITEM ORIGINAL AMOUNT NEW AMOUNT
Pond or Ditch Construction $ 2,000 $ -0-
Street Signs 450 -0-
Street Sweeping &
Storm Sewer Cleaning 11000 11000
Erosion Control 1,000 1,000
Site Grading 9,100 -0-
Totals $13,550 $2,000
That the Letter of Credit, which was previously reduced to $4,450,be further
reduced to $2,000 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilm mb Hoyt , and upon vote being taken thereon, the
0 owing voted in avorereol': Mayor Davenport, Councilmembers Hoyt, Neils,
ine 1`0110wing voted against or abstained: Non
Whereupon the Resolution was declared duly—pa