HomeMy WebLinkAboutCity Council Resolution 1986-604CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City Council of the
City of Plymouth, Minnesota, was held on theZ9th day of September . 1986. The
following members were present: Mayor Schneider; Councilmembers Min, ST—sk, VasTliou
and Zitur We
following me ers were absent: none
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86-604
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR HAGMAN CONSTRUCTION (84072)
WHEREAS, a Site Plan for Hagman Construction for property at the southeast corner of
Medina Road and Vicksburg Lane was approved under City Council Resolution No. 84-73;
and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit in the amount of $279,946.00; and,
WHEREAS, the City Council under Resolution No. 86-94 reduced the Letter of Credit to
$25,000.00; and,
WHEREAS, upon notice from the developer that required site improvements have been
completed, 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,
MINNESOTA, that it should and hereby does authorize the release of the Letter of Credit
In the amount of $25,000.00 which was submitted to guarantee site improvements for
Hagman Construction for property at the southeast corner of Medina Road and Vicksburg
Lane.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Sisk, and upon vote being taken thereon, t e o ow ng
vote n favor thereof: a or neider, Counci.lmembers Crain Sisk Vasiliou and
Zitur The following
voted against or abstained: none hereupon the
Resolution was declared duly passed and a opte