HomeMy WebLinkAboutCity Council Resolution 1985-806CITY 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 7th day of October 1935.
The following members were present: Mayor Davenport, Councilmembersseils,
Schneider, Crain and Vasiliou
The following members were absent: none -
Councilmember Schneider introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 85- 806
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR NUAIRE, INC. (84039)
WHEREAS, a Site Plan for Nuaire, Inc. at 2100 Fernbrook Lane was approved under City
Council Resolution No. 84-422; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit in the amount of $50,000.00; and,
WHEREAS, upon notice from the developer, City staff has inspected said site and
recommends release of the Letter of Credit;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESi`'A, that it should and hereby does authorize the release of the Letter of Credit
No. 3442 in the amount of $50,000.00 which was submitted to guarantee site improvements
for Nuaire, Inc. at ?100 Fernbrook Lane.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Crain , and upon vote being taken thereon, the
following votedInfavor 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.