HomeMy WebLinkAboutCity Council Resolution 1987-557CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meetinq of the City Council of the
City of Plymouth, Minnesota, was held on the 'It�T day of September , 1987. The
following members were present: Mayor Schnei erd r-, uncilmembers as ou, Zitue,
Crain and Sisk'
following mem ers were absent: None
Councilmember Zitur Introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-557
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR OPUS CORPORATION FOR TECH WEST
55 (85051)
WHEREAS, a Site Plan for Opus Corporation for Tech West 55 located at 14800 28th Avenue
North was approved under City Council Resolution No. 85-570; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Bond In the amount of $600,000.00; 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 Site
Performance Bond No. 400 88 1174 in the amount of $600,000.00 which was submitted to
guarantee site improvements for Opus Corporation for Tech West 55 located at 14800 28th
Avenue North to $22,000.00.
The motion for adoption of the foregoing Resolution was duly seconded by
Counclimember Vasiliou , and upon vote being taken thereon, the folio -wing
voted In favor thereof: Mayor Schneider, Councilmembers Vasiliou,_ Zitur, Crain
and Sisk eo ow nq
vo+-ed aga nst or abstained: None Whereupon the
Resolution was declared duly passed and adopted.