HomeMy WebLinkAboutCity Council Resolution 1987-479CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a rept_ meetinq of the City Council of the
City of Plymouth, Minnesota, was held on the 20th day of .luly , 1987. The
following mepbers were present: Mayor Schneider, Councilmembers Crain. Zitur. _
Vasiliou and Sisk The-
o owing members were absent: None
iii ♦�• •f4
Coung j her Sisk introduced the following Resolution and mo%ed its
adoption:
RESOLUTION NO. 87-479
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR WELSH CONSTRUCTION COMPANY FOR
WILLOW CREEK PLAZA (86030)
WHEREAS, a Site Plan for welsh Construction Company for Willow Creek Plaza located at
at 9800 Shelard Parkway, was approved under City Council Resolution No. 86-288; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
Letter of Credit in the amount of $131,550.00; 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 CTTY OF PLYMOUTH,
MINNESOTA, that it should and hereby does authorize the reduction of the Letter of
Credit No. 590 in the amount of 5131,550.00 which was submitted to guarantee site
Improvements for Welsh Construction Company for Willow Creek Plaza located at 9800
Shelard Parkway, to $11,700.00.
The motion for adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the following
votes In favor thereof:
The following
voted against or abstained: Kone Whereupon the
Resolution was declared duly passed and adopted.