HomeMy WebLinkAboutCity Council Resolution 1985-431CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City Council of
the City of Plymouth, Minnesota, was held onth�Tth day of June . 1985.
The following members were present: Deputy Payor c neider, Counci mem ers rain,,
Neils and Vasiliou
The following members were absent: Mayor Davenport
Councilmember Vasiliou introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85- 431
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR K & K SALES, INC. (84026)
WHEREAS, a Site Plan for K & K Sales, Inc. located at 815 County Road 15 was approved
under City Council Resolution No. 84-385; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit in the amount of $11,500.00; 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 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. SB2669 in the amount of $11,500.00 which was submitted to guarantee site
Improvements for K & K Sales, Inc. located at 815 County Road 18, to $5,000.00.
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:u - yor Schneider, Councilmembers Crain,
Neils and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.