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HomeMy WebLinkAbout6201 - ADMIN Resolution - City Council - 1979/01/02REPLACEMENT RESOLUTION NO. 6201 RESOLUTION ACCEPTING PARTIAL COMPLETION OF WORK AND AUTHORIZING A REDUCED BOND FOR REMAINDER - ZARTHAN PARK January 2, 1979 WHEREAS, pursuant to a written subdivision contract dated May 16, 1978, No. 1259, W.A. Boran has satisfactorily completed all of the construction of improvements for Zarthan Park with the exception of street restoration, and WHEREAS, the City Engineer has filed his recommendation for acceptance and filing of a reduced performance bond for street restoration, pursuant to the Ordinance Code of the City, reducing said performance bond from $60,769.00 to $5,000.00, and WHEREAS, the above named subdivider has heretofore submitted a properly executed performance bond in the amount of $60,769.00, and now has filed a request for a reduction of the bond for work completed under Contract No. 1259, therefore BE IT RESOLVED by the City Council of the City of St. Louis Park, 'Minnesota: That all of the work required under the subdivision contract for the above named plat is hereby accepted and approved except for the street restoration and the reduction of the performance bond to $5,000 above described is hereby accepted and approved effective upon the adoption of this resolution, and the proper city officers are hereby authorized to accept a reduction of the above bond from $60,769.00 to $5,000.00. Adopted by the City Counc 1 January 2, 1979. Reviewed for administration: Mayor Approved as to form and legality: City Atto ey