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HomeMy WebLinkAboutCity Council Resolution 1983-599CITY OF PLYMOUTH call and notice The following members Were present. mayor uavenporc, UOUncffmemners-rioen;-;sen s, Schneider and Tbreinen The following ;;;i6e;3 were 'absent: none •+tt fay sit3 Councilmember Moen introduced the following Resolution and moved its adoptions RESOLUTION NO. 83- 599 AUTHORIZING REDUCTION OF THE SITE PERFORMANCE GUARANTEE FOR CARLSON PROPERTIES, INC. (80032) WHEREAS, a Site Plan for Carlson Properties, Inc. located at 12900 Highway 55 was approved under City Council Resolution No. 80-649; and, WHEREAS, the developer submitted the required Performance Guarantee In the form of a -Bond in the amount of $87,000.00; and, WHEREAS, upon notice from 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. 610092914 in the amount of 587,000.00 which was submitted to guarantee site improvements for Carlson Properties, Inc. located at 12900 Highway 55 to $15,000.00. The motion for adoption of the foregoing Resolution was duly seconded by Councilmember Threinen , and upon vote being taken thereon, o' or no voted n favor t ereo : avor Daveffibort. Councilmembers Moen, Neils, Whereupon the Resolution was declared dsk2-A.2