HomeMy WebLinkAboutCity Council Resolution 1981-567CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was FiTT on the
8th day of Se tember , 19 81 . The following members were
present: Mayor Davenport, ounce me ers Hoy—f—,-Neils, Schneider and Threineq
The follow ng members were absent: non
p 'lmember Neils introduced the following Resolution and
movedits adoption:
RESOLUTION NO, 81-567
AUTHORIZING REDUCTION OF SITE PERFORMANCE BOND FOR K. B. DEVELOPMENT COMPANY II
(80037)
WHEREAS, a site plan for K. B. Development Company II was approved for a
development at Fernbrook Lane and 28th Place North under City Council
Resolution No. 80-483; and,
WHEREAS, the developer submitted a bond as a site performance guarantee
in the amount of $116,655.00; and,
WHEREAS, upon request of the developer City staff has inspected said site and
recommends reduction of the bond;
NOW,THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THF CITY OF
PLYMOUTH, MINNESOTA, that it should and hereby does authorize v:he reduction
of the site performance Bond No. 54-17949 in the amount of $11,655.00
which was submitted to guarantee site improvements for the K. B. Development
Company II at Fernbrook Lane and 28th Place North to $20,000.00.
The motion for the adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the
following vo n favor thereof". Mayor Davenport, Councilmembers Hoyt,
jgjIs. Schneider and Threinen .
me following voted against or abstained: none
Whereupon the Resolution was declared duly passe and -adopted.