HomeMy WebLinkAboutCity Council Resolution 1981-267CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota was he d on the
day of aril , 19_aL. The following members were
presen
The following members were absent: nnno
fes* �r�tit •,, •
Councilmember Schneider introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 31- 267
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 -pr-,,er^en}s 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 1:7-OLvED BY THE CITY COUNCIL OF ;HE CITY OF PLYMOUTH,
MINNESOTA that the bond requirements are reduced as follows:
ITEM
Pond or Ditch Construction
Street Signs
Street Sweeping &
Storm Sewer Cleaning
Erosion Control
Site Gradina
Total
ORIGINAL AMOUNT NEW AMOUNT
$ 2.000 $ -0-
150 -0-
1,000
1,000
1,000
-0-
9,100
-0-
$13,550
$1,000
That the Letter of Credit, which was previously reduced to $2,000 be further
reduced to $1,000 to reflect the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the
following voted n aev�or thereof: Mayor Davenport. Councilmembers Hoyt. Neils,
The following e7'i rice --
vote against or or abstained: staine none
Whereupon the Resolution was declared duly passed and adopted.