HomeMy WebLinkAboutCity Council Resolution 1987-556CITY OF PLVNMTH
Pursuant to due call and notice thereof, a special meeting of the City Council of the
City of Plymouth, Minnesota, was held on the Wth day ofSe tember , 1997. The
following members were present: Mayo Schnefewr�17ouncilme ea311 ou Zltue
Crain and Sisk e
following me ers were absent: None
Councilmember Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-556
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
a Letter of Credit in the amount of $85,000.00; and,
WHEREAS, the City Council under Resolution No. 87-481 authorized the reduction of the
financial guarantee to $69,000.00; 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 $69,000.00 which was submitted to guarantee site
Improvements for John Lavander for Parkers Lake Business Center located at 15000 23rd
Avenue North to $52,800.00.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Vasiliou , and upon vote being taken thereon, the o ownq
voted n favor thereof: yor schneider, Councilmembers Vasiliou Zitur, Crain
and Sisk The rollowInq
voted against or abstained: None Whereupon the
Resolution was declared duly passed and adopted.
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