HomeMy WebLinkAboutCity Council Resolution 1985-168CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a rEgular meeting of the City Council of
the City of Plymouth, Minnesota, was held on the 4th day of March 192& -
The following members were present: Maynr Davpnpnrt, fnijnci lmPmhprc Crain,
Schn id r and Vasilinu
The following members were absent: Cnuncilmpmhpr Neils
CnunrilmPmhPr Srhnpidpr introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85- 168
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR B R PARTNERSHIP (81047)
WHEREAS, a Site Plan for B R Partnership located at 14225 Highway 55 was approved under
City Council Resolution No. 84-521; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit in the amount of $27,000.00; and,
WHEREAS, upon notice from the developer, City staff has inspected said site and
recommends reduction of the Letter of Credit;
NOW, THEREFORE, BE
MINNESOTA, that it
Credit No. A-899 in
improvements for B
$5,000.00.
IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
should and hereby does authorize the reduction of the Letter of
the amount of $27,000.00 which was submitted to guarantee site
R Partnership for property located at 14225 Highway 55, to
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Crain , and upon vote being taken thereon, the
following voted in favor thereof: mayor Davenport, Councilmembers Crain,
Schneider and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.