HomeMy WebLinkAboutCity Council Resolution 1981-823Pursuant to due call and notice thereof, a regular meeting of
the City Council of the City of Plymouth, Minnesota.'was held on the
7th day of December , 19 8l. The following members were
presenia or Davenport, Councilmembers Hot Neils Schneider and Thr inen
The following members were 'absent: none
Councilmember Neils introduced the following Resolution and
moved its a option:
RESOLUTION NO. 81-823
REDUCING DEVELOPMENT BOND
VALE-HOFF ADDITION (A-142)
WHEREAS, in accordance with the Development Contract dated September 5, 1967,
Roy D. Johnson, Wayne P. Johnson, Frederick E. Jones and Alvin E. Davies,
Developers of Vale -Hoff Addition, have agreed to install certain improvements
for said development, and
WHEREAS, the Developer has completed the improvements as noted below; and
WHEREAS, the Developer has requested a reduction of the Development Bond to
reflect the completed work;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that the bonding requirements are reduced as follows:
ITEM ORIGINAL AMOUNT NEW AMOUNT
Sodding, street settle-
ment, ditch erosion and
deeds to Oudot D and E
and easement rights on
Outlot C $4,500 $0
That the letter of credit be reduced to $0 to reflect that all conditions of
the Development Contract are satisfied.