HomeMy WebLinkAboutCity Council Resolution 1987-728CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the City Codncil of the
City of Plymouth, Minnesota, was held on the 2nd day of November , 1987. The
following members were present: Mayor Schneierc r, Zouncilmembe�s Gas ou, Zitur, Crain
and Sisk The
following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
a opt on:
RESOLUTION NO. 87-728
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR JOHN DUFFY (86045)
WHEREAS, a Site Plan for Sohn Duffy for a site located at 10850 Old County Road 15 was
approved under City Council Resolution No. 86-378; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit In the amount of $20,000.00; 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. 86-116 in the amount of $20,000.00 which was submitted to guarantee site
Improvements for Sohn Duffy at 10850 Old County Road 15, to $3,000.00.
The motion for adoption of the foregoing Resolution was duly seconded by
Council mem ber Zitur , and upon vote being taken thereon, the following
voted In favor thereof: or, neider Councilmembers Vasilloup Zitur, Crain
and Sisk eo ow ng
voted against or abstained:- None hereupon the
Resolution was declared duly passed and a opte