HomeMy WebLinkAboutCity Council Resolution 1987-310CITY 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— 18th day of May 1987. The
following members were present: Mayor Schnei�ounci1members rain,
Sisk, Zitur and Vasiliou The
following members were absent: none
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87- 310
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR BOEMER BUILDING SYSTEMS, INC.
(96137)
WHEREAS, a Site Plan for Boemer Building Systems, Inc. for Allied Plastics located at
3005 Ranchview Lane was approved under City Council Resolution No. 87-97; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit in the amount of $192,000.00; and,
WHEREAS, The City Council on April 20, 1987, by Resolution 87-242, authorized reduction
of the Financial Guarantee to $120,000.00; 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. 1021 in the amount of $120,000.00 which was submitted to guarantee site
improvements for Boemer Building Systems, Inc. for Allied Plastics located at 3005
Ranchview Lane, to $96,600.00.
The motion for tdoption of the foregoing Resolution was duly seconded by _
Councilmember Zitur , and upon vote being taken thereon, the following
voted in favor thereof: Mayor Schneider, Councilmembers Crain, Sisk,
Zitur and Vasiliou The following
voted against or abstained: none Whereupon the
Resolution was declared duly passed and adopted.