HomeMy WebLinkAboutCity Council Resolution 1987-481CITY 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 20th day of July , 1987. The
following members were present: Mayor Schneider, Councilmembers Crain. Zitur. _
Vasiliou and Sisk The
following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-481
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR JOHN LAVANDER FOR PARKERS LAKE
BUSINESS CENTER (86126)
WHEREAS, a Site Plan for John Lavander, for Parkers Lake Business Center located at
15000 23rd Avenue North was approved under City Council Resolution No. 87-70; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
Letter of Credit in the amount of $85,000.00; 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. S-13699 in the amount of $85,000.00 which was submitted to guarantee site
Improvements for John Lavander for Parkers Lake Business Center located at 15000 23rd
Avenue North, to $69,000.00.
The motion for adoption of the foregoing Resolution was duly seconded by
and upon vote being taken thereon, the following
voted in favor thereof: Mayor Schneider, Councilmembers Crain, Zitur, Vasiliou and
Sisk The following
voted against or abstained: None Whereupon the
Resolution was declared duly passed and adopted.