HomeMy WebLinkAboutCity Council Resolution 1982-508CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a riggillor meeting of the City
Council of the City of Plymouth, Minneaata was Ifeld on the 20th day of
September , 1982. The following members were present: Mayor Qavenport,
rniinrilmembers Moen Neils, Schneider & Threine►t The following members were
absent: none
f� Ott
r_euncilmember Schneider introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 82-508
REDUCING DEVELOPMENT BOND
CESS PROBASCO LOT DIVISION (81022)
WHEREAS, in accordance with the development contract dated duly 13, 1981, Klink
Construction, Inc., developer of the fess Probasco Lot Division (81022), has
agreed to install certain improvements for said development; and
WHEREAS, the developer has completed a portion of the utility work 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
Watermain (including fire hydrant) $1,600 -O-
Storm Sewer 3,540 -0-
Design, Administration, Inspection, As-Builts 620 -0-
TOTAL $5,760 $-0-
That the letter of credit required be reduced from $5,760 to zero ($0) 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: Mayor Davenport, Councilmembers Moen, Neils,
Schneider and Threinen
The following vot against orabstained: none
Whereupon the Resolution was declared duly passed and adopted.