HomeMy WebLinkAboutCity Council Resolution 1987-530CITY 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 1i7t� day of Au ust , 1987. The
following members were present: Mayor Schneider, Zbuneilme ers Vasillou, JlTur and
Sisk The
following rs were absent: Counclimember Crain
*•� rMr *rr
Counctimember Sisk Introduced the following Resolution and moved Its
a opt on:
RESOLUTION NO. 87-530
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR RYAN PROPERTIES, INC. (86144)
WHEREAS, a Site Plan for Ryan Properties, Inc. located at 5095 Nathan Lane North was
approved under City Council Resolutlnn No. 87-76; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Bond In the amount of $119,250.00; 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 Site
Performance Bond No. U667713 in the amount of $119,250.00 which was submitted to
guarantee site Improvements for Ryan Properties, Inc. at 5095 Nathan Lane North, to
$6,000.00.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the o ow ng
voted In favor thereof: a or 5chnelder, Councilmembers Vasillou Zitur and Sisk
eo ow ng
voted against or abstained: None Whereupon the
Resolution was declared duly passed and adopted.