HomeMy WebLinkAboutCity Council Resolution 1987-357CITY 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 1st day of June . 19 87. The
following members were present: Mayor Schneider, ouncilmembers Crain, 71—sk,
Vasiliou and Zitur The
following members were absent: none
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87- 357
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR COPPER SALES, INC. (86140)
WHEREAS, a Site Plan for Copper Sales, Inc. located at 1405 County Road 18, was
approved Administratively; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit In the amount of $47,315.00; and,
WHEREAS, upon notice from the developer, City staff has inspected said site and
recommends release 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 release of the Letter of Credit
No. 52 in the amount of $47,315.00 which was submitted to guarantee site improvements
for Copper Sales, Inc. located at 1405 County Road 18.
The motion for adoption of the foregoing Resolution was duly seconded by _
Councilmember Ziturand upon vote being taken thereon, the following
voted In favor thereof: Mayor Schnel6r, Councilmernbers Crain, Sisk,
Vasiliou and Zitur The following
voted against or abstained: none Whereupon the
Resolution was declared duly passed and adopted.