HomeMy WebLinkAbout85-240 - ADMIN Resolution - City Council - 1985/12/16RESOLUTION N0. 85-240
RESOLUTION REDUCING PERFORMANCE BONDS
FOR SUNSET RIDGE 3RD ADDITION
WHEREAS, pursuant to a written subdivision contract dated May 4, 1981, No. 1461,
the Darrel Farr Development Corporation (DFDC) has satisfactorily completed all the
construction of the improvements for the Sunset Ridge 3rd Addition in accordance with
Contract No. 1461, with the exception of minor watermain repairs; and
WHEREAS, the Director of Public Works has filed his recommendation for
acceptance and filing of a reduced cash bond No. 601562 from $78,611 to $3,000; and
THEREFORE,
a 1 1 of the work
hereby accepted
BE IT RESOLVED by the City Council of the City of St. Louis Park that
required under the subdivision contract for the above named plat is
and approved, and Bond No. 601562 is hereby reduced to $3,000.
Adopted by the City Council December 16, 1985
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Jerk
Reviewed for administration:
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Approved as to form and legality:
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City Attorney