HomeMy WebLinkAboutCity Council Resolution 1987-534CITY OF PLYMOUTH
Pursuant to due call and notice thereof, arh�e ulaar�r meeting of the City Council of the
City of Plymouth, Minnesota, was held on the 17th day of Aug�ust�, 1987. The
following members were present: Mayor Schnei er�ouncilmembers asiliou, Zitur
and Sisk
The
following me ers were absent: Councilmember Crain
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-534
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR C.O.M.B. COMPANY (87041)
WHEREAS, a Site Plan Amendment for C.O.M.B. Company, located at 1405 Xenium Lane was
administratively approved on May 28, 1987; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Bond In the amount of $150,050.00; and,
WHEREAS, upon notice from the developer that required site improvements had been
completed, City staff inspected said site and recommends release of the financial
guarantee;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUt1CIL OF THE CITY OF PLYMOUTH,
MINNESOTA, that it should and hereby does authorize the release of the Site Performance
Bond No. 400H35683 in the amount of $150,000.00 which was submitted to guarantee site
improvements for C.O.M.B. Company, located at 1405 Xenium Lane North.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur ,.and upon vote being taken thereon, the o ow 7ng
voted against or abstained: None Whereupon the
Resolution was declared duly passed and adopted.