HomeMy WebLinkAboutCity Council Resolution 1983-568rursuant to uuc vasa and notice thereof, a regular meeting of the City Council of`
the City of Plymouth, Minnesota, was held ontime i h day of October 1983,
The following members were present: Mayor Davenport, 'Cuuntilmembe1T-jR f "M'
and Threinen
Td a ow ng s were absent: none
■rr aratr rtt
Councilmember Moen introduced the following Resolution and moved its
a pt on:
RESOLUTION NO. 83- 568
AUTHORIZING REDUCTION OF THE SITE PERFORMANCE GUARANTEE FOR MINNEAPOLIS AUTO AUCTION
(82061)
WHEREAS, a Site Plan for Minneapolis Auto Auction located at 1125 Nathan Lane was
approved under City Council Resolution No. 83-08; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit in the amount of $18,300.00; and,
WHEREAS, upon notice from the Developer that the required site improvements had been
completed, City staff has Inspected said site and recommends reduction of the Letter
of Credit;
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 Letter of
Credit No. 241 in the amount of $18,300.00 which was submitted to guarantee site
Improvements for Minneaplis Auto .Auction at 1125 Nathan Lane, to 510,000.00.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Schneider , and upon vote being taken t re�the
0 ow ng votedn favor t mayor a sport, Councilmembers Moen, Neils,
Whereupon the Resolution was declared
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