HomeMy WebLinkAboutCity Council Resolution 1987-529CITY OF PLVNOUTN
Pursuant to due call and notice thereof, arhe ulaarr meeting of the City Council of the
City of Plymouth, Minnesota, was held on the —17th day of August , 1987. The
following members were present: Mayor Schnei rhe , Z uncilmembers V431110u, Zitur and
Sisk
e following members were absent: ounc me er Crain
Councilmember Sisk Introduced the following Resolution and moved Its
adoption:
RESOLUTION NO. 87-529
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR BATON CORPORATION FOR PARK SIDE
AT MEDICINE LAKE (A-338)
WHEREAS, a Site Plan for Baton Corporation for Parkside at Medicine Lake, located
southwest of County Road 9 and 41st Avenue North, was approved under City Council
Resolution No. 85-644; and,
WHEREAS, the developer submitted the required Site Performance Guarantee In the form of
Site Improvement Account In the amount of $600,000.00; and,
WHEREAS, the City Council per Resolution No. 86-93 reduced th+s amount to $363,000.00;
and,
WHEREAS, the City Council per Resolution No. 86-746 reduced this amount to $254,500.00;
and,
WHEREAS, the City Council per Resolution No. 87-155 reduced this amount to $133,400.00:
and
WHEREAS, upon receiving written certification from the developer's consulting engineer,
City staff has inspected said site and recommends reductlor of the Site Improvement
Account;
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 Site
Improvement Account from $133,400.00 which was submitted to guarantee site improvements
for Baton Corporation for Parkside at Medicine Lake located southwest of County Road 9
and 41st Avenue North, to $40,000.00.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the o ow ng
voFed In favor ereo :yor neider, Councilmembers Vasiliou, Zitur and Sisk
The o ow ng
voted against or abstained: None Whereupon the
Resolution was declared duly passed and adopted.