HomeMy WebLinkAboutCity Council Resolution 1982-532CITY (IF PLYNWTH
Pursuant to due call and notice thereof. a meeting of the City Council of
the City of Plynouth. Minnesota. was held on t day of October 1982.
The following meabers were present: Mayor Davenort. ouncilmembersMo-ensc Heider
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Following mousers were absenti Council=ber Neils
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introduced the following Resolution and waved its
on:
RESOLUTION NO. 82-532
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR TRAMMELL CROW FOR "PLYMOUTH"
BUSINESS CENTER PHASE I" (81046)
WHEREAS, a Site Plan for Trammell Crow for "Plymouth Business Center" located south and
east of Annapolis Lane, west of I-494 was approved under City Council Resolution No.
81-612; and,
WHEREAS, the developer s.ibsitted the required site performance guarantee in the form of
a Letter of Credit in the amount of $105,545.00; and,
WHEREAS, upon notice from the developer City staff has inspected said site and
recommends reduction of the Letter of Credit;
NOW, THEREFORE, BE IT !kMY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA, that it mould and hereby does authorize the reduction of the Letter of
Credit No. 61749 .n the amount of 5105,545.00 which was submitted to guarantee site
improvements for Trammell Crow Company for "Plymouth Business Center" located south and
east )f Annapolis Lane, west of I-494 to S10,000.00.
The motion for adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the
Following voted in ravor t rem : Mayor avenport, Councilmembers Moen, Schneider
Awngn
Following voted against or stat none
Whereupon the Resolution was declared duly passed and adopted.