HomeMy WebLinkAboutCity Council Resolution 1987-533CITY 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 17th day of Au ust , 1987. The
following members were present: Mayor Schnei recd Councilmenibers as ou, Zitur and
Sisk ThF—
following members were absent: ounc me er Crain
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Councilmember Sisk introduced the following Resolution and moved its
a opt on:
RESOLUTION NO. 87-533
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR ARTOGRAPH (86089)
WHEREAS, a Site Plan for Artograph, located at 13205 16th Avenue North, was approved
under City Council Resolution No. 86-263; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit In the amount of $113.150.00; and,
WHEREAS, the City Council under Resolution No. 86-811 authorised the reduction of the
financial guarantee to $41,000.00;
WHEREAS, upon notice from the developer, City staff has Inspected said site and
recommends release of the financial guarantee;
NOW, THEREFORE, BE 1T HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA, that it should and hereby does autroricr: the release of the Letter of Credit
No. 47279 In the amount of $41,000.00 which was submitted to quarantee site,
improvements for Artograph, located at 13295 16th Avenue North.
The motion for adoption of the foregoing Resolution was duly seconded by
Counciimember Zitur , and upon vote being taken thereon, eo ore nq
voted In favor thereoft Mayor Schneider, Councilmembers V"I liou Zltur and Sisk
eo ow ng
voted against or abstained: hereupon the
Resolution was declared duly passed and adopted.