HomeMy WebLinkAboutCity Council Resolution 1987-187CITY OF PLVNMH
Pursuant to due call and notice thereof, a regular meeting of the City Council of the
City of Plymouth, Minnesota, was held on the 16th day of March , 1987. The
following members were present: Mayor Schneider, Councilmem ers Crain, Sisk,
—
Vasiliou and Zitur — The
following members were absent: none
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-187
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR LUNDGREN BROTHERS CONSTRUCTION
COMPANY FOR MISSION PONDS (A-338)
WHEREAS, a Site Plan for Lundgren Brothers Construction Co., for Mission Ponds, located
at the northeast corner of 36th Avenue North and Zachary Lane was approved under City
Council Resolution No. 77-558; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a bond in the amount of $25,000.00; and,
WHEREAS, upon notice from the developer that the required site improvements have been
completed, City staff has inspected said site; and,
WHEREAS, The City Council considered a request to release the Bond on January 12, 1987,
and after concerns were raised by the President of the Homeowner's Association, staff
was directed to reinspect the site; and,
WHEREAS, the site has been re -inspected and City staff recommends the reduction of the
financial guarantee;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MIN-
NESOTA, that it should and hereby does authorize the reduction of the Bond No. 54-14460
In the amount of $25,000.00 which was submitted to guarantee site improvements for
Lundgren Brothers Construction Co. for Mission Ponds located at northwest corner of
36th Avenue North and Zachary Lane, to $7.000.00
The motion for adoption of the foregoing Resolution was duly seconded by
Coun�ilmember Zitur ,and upon vote bet -g taken thereon, the follow
voted n favor thereof: eider, Councilmembers Crain, Sisk,
Res
1iou and Zitur he o owing
nst or abstained: n9ne Whereupon the
was declared dulypassea and adopted.