HomeMy WebLinkAboutCity Council Resolution 1986-661CITY 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 6th day of October 1986. The
Co—
following members were present: Mayor Schneider,Z`ouncilmembers ra n, as lion, and
Zitur The
following members were absent: Councilmember Sisk
Councilmember Crain introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86-661
AUTHORIZING REDUCTION OF SITE IMPROVEMENT PERFORMANCE GUARANTEE FOR JOHN HARLAND
COMPANY (85060)
WHEREAS, a Site Plan for Sohn Harland Company located at 2600 Campus Drive, was
approved under City Council Resolution No 85-557; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Bond in the amount of $240,000.00; and,
WHEREAS, upon notice from the developer, City staff has inspected said site and
recommends reduction of the Financial Guarantee;
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 Site
Performance Bond No. 4724846 in the amount of $240,000.00 which was submitted to
guarantee site improvements for Sohn Harland Company at 2600 Campus Drive, to
$15,000.00.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the o ow nq
voted in favor thereof: or Schneider, Councilmembers Crain, Vasiliou, and Zitur
The followirg
voted against or abstained: none hereupon the
Resolution was declared duly passed and adopte