HomeMy WebLinkAboutCity Council Resolution 1979-824Council mer Davenport introduced the following Resolution and
moveditsadoption:
RESOLUTION NO, 79-824
AUTHORIZING REDUCTION OF SITE PERFORMANCE BOND FOR R, L. JOHNSON INVESTMENT
COMPANY (A-682)
WHEREAS, the site plan for the R, L. Johnson Investment Company at Nathan
Lane and 10th Avenue North was approved under City Council Resolution No.
78-266; and,
WHEREAS, the developer submitted the required site performance guarantee in
the form of a bond in the amount of $115,567.50; and,
WHEREAS, upon the request of the developer for site inspection and bond
release or reduction, City Staff has inspected said site and recommends
reduction of the bond;
NOW, THEREFORE, BE IT HEREBY RESOLVED by the City Council of the City of Ply-
mouth, Minnesota, that it should and hereby does authorize the reduction of
the site performance bond #400 FB 3752 in the amount of $115,567.50 which was
submitted to guarantee site improvements for the R. L. Johnson Investment
Company at Nathan Lane and 10th Avenue North, to $10,000.
The motion for the adoption of the foregoing Resolution was duly seconded by
QqWp�y and upon vote being taken thereon, the
�O Ow ng vote n avor thereof: Mayor Hunt- rnunrilmPmhPrc-DavPnpor ,
_NHov .Neils -and Spaeth
Ine T011owing voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.
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