HomeMy WebLinkAboutCity Council Resolution 1987-155CITY OF PLYMOUTH
Pursuant to due call and notice thereof, are ular meeting of the City Council of the
City of Plymouth, Minnesota, was held on the day of March , 1987. The
' following members were present: Mayor Schneider Zo cilmembers Crain, isk, Va—sTliou
and Zitur
The
following mem ers were absent: none
Counclimember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-155
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR BATON CORPORATION FOR PARKSIDE
AT MEDICINE LAKE (A-338)
WHEREAS, a Site Plan for Baton Corporation for Parkside at Medicine Lake, located
southwest of County Rd No 9 and 41st Avenue North approved under City Council
Resolution No. 85-644; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a site improvement account in the mount of $600,000.00; and,
WHEREAS, the City Council per Resolution No. 86-93, reduced this amount to
$363,00.00; and,
WHEREAS, the City Council per Resolution No. 86-746, reduced this amount to
$254,500.00; and,
WHEREAS, upon receiving written certification from the developer's consultinq 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 from the $254,500.00, which was submitted to guarantee site
Improvements for Baton Corporation for Parkside at Medicine Lake located southwest of
County Rd No 9 and 41st Avenue, to $133,400.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur 'and upon vote being taken thereon, the followinq
voted n favor thereof: ayor Schneider, Councilmembers Crain, Sisk, Vasiliou, and
Zitur The followinq
v;ted against or a sta ne : none Whereupon the
Resolution was declared duly passed-dnd adopted.