HomeMy WebLinkAboutCity Council Resolution 1982-665CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota was held on the 20th day of
December , 1982. The following members were present: ayor Davenport,
Councilmembers Moen, Neils, Schneider & Threineq The following members were
absent: none
Councilmember Schneider introduced the followinq Resolution and moved its
adoption:
RESOLUTION NO. 82- 665
REDUCING DEVELOPMENT BOND
SCHMIDT LAKE HILLS ADDITION (A-793)
WHEREAS, in accordance with the development contract dated March 15, 1981,
Elm Creek Acres, Partnership, developer of Schmidt Lake Hills Addition (A-793),
has agreed to install certain improvements for said development; and
WHEREAS, the developer has completed a portion of the street, utility and site
grading 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
QRIGINAL AMOUNT NEW AMOIINT
Two year payment guarantee
for special assessments 5273,709 None
The motion for the adoption of the foregoing Resolution was duly seconded by
Cauncilmember Neils , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Davenport, Councilmembers Moen, Neils,
Schneider and Threinen
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.