HomeMy WebLinkAboutCity Council Resolution 1985-514CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular â– seting of the City Council of
the City of Plymouth, Minnesota, was held on the -15th day of July . 19 8a.
The following members were present: Mayor Davenport, Councilmembers Neils,
Schneider, Crain and Vasiliou
The following members were absent: none
Councilmember Schneider introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85- 514
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR TOMARK DEVELOPMENT COMPANY FOR
CREEK PLACE PHASE II (82013)
WHEREAS, a Site Plan for Tomark Development Company for Creek Place Phase II located
at the southeast corner of new County Road 9 and Plymouth Boulevard was approved under
City Council Resolution No. 83-469; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit in the amount of $67,810.00; and,
WHEREAS, upon notice fron, the developer, City staff has inspected said site and
recommends reduction of the Letter of Credit;
NOW, THEREFORE, 13E 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. 22 in the amount of $67,810.00 which was submitted to guarantee site
Improvements for Tomark Development Company for Creek Place Phase II located at the
southeast corner of new County Road 9 and Plymouth Boulevard, to $10,000.00.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Neils , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Davenport, Councilmembers Neils, Schneider,
Crain and Vasiliou
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.