HomeMy WebLinkAboutCity Council Resolution 1986-701CITY 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 theme t� day of October . 1986. The
following members were present: Mayor Schneider-,-- ra n,s , Vasfliou,
and Zitur The
following members were absent: none
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86-701
AUTHORIZING REDUCTION OF SITE PERFORMANCE GL, RANTEE FOR JOHN LAU FOR TLC POLYFORM,
INC. (86054)
WHEREAS, a Site Plan for TLC Polyform, Inc. located at 13055 15th Avenue was approved
under City Council Resolution No. 86-321; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit in the amount of $19,940; 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 Letter of
Credit No. LC -3592 in the amount of $19,940 which was submitted to guarantee site
Improvements for John Lau located at 13055 15th Avenue North, to $3,000.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Sisk , and upon vote being taken thereon, the follow nq
voted in favor thereof: Mayor Schneider, Councilmembers Crain, Sisk, Vasiliou, and
Zitur The ow ng
voted against or abstained: none hereupon the
Resolution was declared duly passed and adopted.