HomeMy WebLinkAboutCity Council Resolution 1987-678CITY OF PLYMOUTH
10 Pursuant to due call and notice thereof, a reqular meeting of the City Council of the
City of Plymouth, Minnesota, was held on the nth day of October 1987. The
following members were present: Mayor Schnei er, ouncilmembers Vasil IoU—,ZitkTr–' Crain
and Sisk The`
following members were absent: None
Councilmember 7itur introdu.ed the followinq Resolution and moved its
adopt ort:
RESOLUTION NO. 97-679
AUTHORIZING REDUCTION Of SITE PERFORMANCE: GUARANTEE FOR JOHN LAVANDER FOR PARKFRS 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; and
WHEREAS, the City Council under Resolution No. 87-481 authorized the reduction of the
financial guarantee to $69,000; and
WHEREAS, the City Council under Resolution No. 87-556 authorized the reduction of the
financial guarantee to $52,800: and
WHEREAS, the City Council under Resolution No. 87-638 authorized the reduction of the
financial guarantee to $14,675; 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 that the reduction of the Letter of
Credit Number S-13699 in the amount of $14,675 which was submitted to quarantee site
improvements for John Lavander for Parkers Lake Business Center located at 15000 23rd
Avenue North to $6,000.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Sisk , and upon vote being taken thereon, the followinq
voted in favor thereof: Mayor Schneider, Councilmembers Vasiliou, Zitur, Crain
and Sisk The fol ow ng
voted against or abstained: None Whereupon the
Resolution was declared duly passed and a opte