HomeMy WebLinkAboutCity Council Resolution 1981-815Councilmember Neils introduced the following Resolution and
moved its adoption.,
RESOLUTION NO. 81- 815
AUTHORIZING REDUCTION OF SITE PERFORMANCE BOND FOR SUMMIT GEAR (A-756)
WHEREAS, a site plan for Summit Gear was approved for a development at
3131 Vicksburg Lane under City Council Resolution No. 80-556; and,
WHEREAS, the developer submitted a bond as a site performance guarantee
in the amount of $60,000.00; 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 THE CITY OF
PLYMOUTH, MINNESOTA, that it should and hereby does authorize the reduction
of the Site Performance Bond No. 400EM5400 in the amount of $60,000.00
which was submitted to guarantee site improvements for the Summit Gear site
at 3131 Vicksburg Lane to $15,000.00.
The motion for the adoption of the foregoing Resolution was duly seconded by'
' couacilmember Threinen , and upon, vote being taken thereon, the
following voted n favor therew.Mavor Davenport Councilmembers Hoyt,
i en
_
The-T0110VIng voted against or abstained: none
whereupon the Resolution was declared duly passed and adopted.