HomeMy WebLinkAbout87-73 - ADMIN Resolution - City Council - 1987/06/15RESOLUTION NO. 87-73
RESOLUTION REDUCING PERFORMANCE BOND
FOR HAUSKEN ADDITION
WHEREAS, pursuant to a written contract dated December 15, 1986, No. 1783,
Asta Hausken, has completed sanitary sewer, water utility, street restoration,
and seal coating improvements for the Hausken Addition, and
WHEREAS, said improvements have been inspected but not accepted by the
City, and
WHEREAS, two street trees remain to be planted under said contract, and
WHEREAS, due to proposed construction on subject property the owner has
requested a time extension be granted to May 31, 1988.
THEREFORE, BE IT RESOLVED by the City Council of the City of St. Louis
Park that irrevocable letter of credit No. 4976 from Norwest Banks is hereby
reduced from $5,000 to $500.
Adopted by the City Council June 15, 1987
Attest:
Reviewed for administration:
City Manager
h 41„), -
Mayo
Approved as to form and execution:
City A