HomeMy WebLinkAboutCity Council Resolution 1982-430CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a re ular meeting of the City
Council of the City of Plymouth, Minnesota was held on the 16th day of
A„e„Gt , 1982. The following naWbers were present: sting Mayor
i�krlpr- Councilmembers Moen, Neils & Threineq The following members were
s
a _mayor Davenport
Councilmember Neils introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 82-430
REDUCING DEVELOPMENT BOND
RAPPAPORT ADDITION (A-806)
WHEREAS, in accordance with the development contract dated April 18, 1979,
Jon Rappaport, developer of Rappaport Addition (A-806), has agreed to install
certain improvements for said development; and
WHEREAS, the developer has completed a portion of site grading as noted below;
and
WHEREAS, the developer has requested a reduction of the development bond to
reflect-Lhe 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:
rITEM
Site Grading and Drainage Improvements
Administration, Engineering, etc. 12%
TOTAL
ORIGINAL AMOUNT NEW AMOUNT
$13,000
$19950
1,560
234
$14,560
$2,184
That the letter of credit required be reduced from $14,560 to $2,,184 to reflect
the completed work.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Moen ,and upon vote being taken thereon, the
following voted in favor thereof: Acting Mayor Schneider, Councilmembers
The foallpowing voted age nst or abstained: none
Whereupon the Resolution was declared duly passed and adopted.