HomeMy WebLinkAboutCity Council Resolution 1986-746CITY 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 3rd day of November 1986. The
following members were present: Mayor Schneider, Zouncilmembers Crain—, --"s, Va—sTliou
and Zitur e
following members were absent: none
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86-746
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR BATON CORPORATION FOR PARKSIDE
AT MEDICINE LAKE (A-338)
WHEREAS, Site Plan for Baton Corporation for Parkside at Medicine Lake, located
southwest of County Road 9 and 41st Avenue North, was approved under City Council
Resolution No. 85-644; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Site Improvemcnt Account in the amount of $600,000.00; and,
.WHEREAS, the City Council per Resolution No. 86-93, reduced this amount to $363,000.00;
and,
WHEREAS, upon receiving written certification from the developer's consulting engineer,
City staff has inspected said site and recommends reduction of the Site Improvement
Account;
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
Improvement Account in the amount of $363,000.00 which was submitted to guarantee site
improvements for Baton Corporation for Parkside at Medicine Lake located southwest of
County Road 9 and 41st Avenue North to $254,500.00.
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 savor thereof: Mayor Schneider, Councilmembers Crain, Sisk, Vasiliou, and
Zitur The followinq
votea against or abstained: none hereupon the
Resolution was declared duly passed and adopted.