HomeMy WebLinkAboutCity Council Resolution 1986-801CITY 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 --1--3t day of December . 1986. The
following members were present: Mayor Schneider,Z ouncilmembers Crain, ITR, Vashiou, Th
and Zitur "---e
following members were absent: none
Councilmember Crain introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 86-801
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR OGREN PROPERTIES (85006)
WHEREAS, a Site Plan for Ogren Properties located at 4400 Nathan Lane, was approved
under City Council Resolution No. 85-199; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit in the amount of $73,619.00; and,
WHEREAS, ,pon 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 here by does authorize the reduction of the Letter of
Credit No. 20-85 in the amount of $73,619.00 which was submitted to guarantee site
Improvements for Ogren Properties at 4400 Nathan Lane to $7,000.00.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, t eo ow nq
voted in favor thereof: ayor, neider, Councilmembers Crain, Sisk Vasiliou and
Zitur The following
voted against or abstained: none Whereupon the
Resolution was declared duly passed and adopted.