HomeMy WebLinkAboutCity Council Resolution 1987-408CITY OF PLYMOUTH
tPursuant to due call and notice thereof, a_gpyular meeting of the City Council of the
City of Plymouth, Minnesota, was held on the 15th day of 1„np 192Z. The
following members were present:
MaXnr Schneider- Councilmembars Crainfollowing members were absent: '��nZ�-tur and Vasilinu The
-
rnunrilmPmhAr Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87- 408
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR BOEMER BUILDING SYSTEMS, INC.
(86137)
WHEREAS, a Site Plan for Boemer Building Systems, Inc. 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, the City Council on May 18, 1987, by Resolution 87-310 authorized reduction of
the Financial Guarantee to $969600.00; and,
WHEREAS, upon notice from the developer, City staff has inspected said site and recom-
mends 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 Letter of Credit
No. 1021 in the amount of $96,600.00 which was submitted to guarantee site improvements
for Boemer Building Systems, Inc. for Allied Plastics located at 3005 Ranchview Lane,
to $87,600.00.
The motion for adoption 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. 7itur and Vasilinn The following
voted against or abstained: none Whereupon the
Resolution was declared duly passed and adopted.