HomeMy WebLinkAboutCity Council Resolution 1986-606CITY OF PLYMOUTH
Pur:.uant to due call and noLlce thereof, a special meeting of the City Council of the
City of Plymouth, Minnesota, was held on the�th day of September . 1986. The
following members were present: Mayor Schneider,CouncilmembersCrT--ST`Tsc Va7liou
and Zitur The
following me ers were absent: none
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION M0. 86-606
AUTHORIZING RELEASE OF SITE PERFORMANCE GUA!,,%NTEE FOR WELSH COMPANIES, INC. (85132)
WHEREAS, a Site Plan for Welsh Construction Company for property at 1405 Highway 101,
was approved under City Council Resolution No 86-12; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit in the amount of $218,770.00; 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,
MINNESOTA, that it should and hereby does authorize the release of Letter of Credit
No. 547, in the amount of $218,770.00, which was submitted to guarantee site
Improvements for Welsh Companies, Inc. for property at 1405 Highway 101.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Sisk ,and upon vote being taken thereon, the follow ng
voted In favor thereof: yor Schneider, Councilmembers Crain, Sisk. Vasiliou. and
Zitur Me following
voted against or abstained: none hereupon the
Resolution was declared duly passed and a cpte .