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HomeMy WebLinkAboutCity Council Resolution 1985-172CITY OF PLYMOUTH Pursuant to due call and notice thereof, aregular meeting of the City Council of the City of Plymouth, Minnesota, was held on the 4th day of March . 1985. The following members were present: Mayor Davenpor�ounci1membersrain, Schneider and Vasiliou The following members were absent: Councilmember Neils Councilmember Schneider introduced the following Resolution and muved its adoption: RESOLUTION NO. 85-172 AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR J. B. SWEDENBORG CONSTRUCTION CO. FOR EDELMANN BUILDING (84028) WHEREAS, a Site Plan for J. B. Swedenborg Construction Co. for the Edelmann Building located at 1900 Annapolis Lane was approved under City Council Resolution No. 84-361; and, WHEREAS, the developer submitted the required Site Performance Guarantee in the form of a Bond in the amount of $129,450.00; 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 CIT1' OF PLYMOUTH, MINNESOTA, that it should and hereby does authorize the reduction of the Bond No. 983655 in the amount of $129,450.00 which was submitted to guarantee site improvements for J. B. Swedenborg Construction Co. for the Edelmann Building located at 1900 Annapolis Lane, to $8,500.00 The-votion for adoption of the foregoing Resolution was duly seconded by Councilmember Crainand upon vote being taken thereon, the following voted in favor thereof: Mayor 09venport, Councilmembers Crain, Schneider and Vasiliou The following voted against or abstained: nnno Whereupon the Resolution was declared duly passed and adopted.