HomeMy WebLinkAboutCity Council Resolution 1987-760CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a Regular meeting of the City Council of the
City of Plymouth, Minnesota, was held on the 16th day of November , 19 The
following members were present: Mayor Schneider, Councilmembers Vasiliou, Crain, and
Sisk The
following members were absent: Councilmember Zitur
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 87-760
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR CIMARRON BUSINESS CENTER (86004)
WHEREAS, a Site Plan for Cimarron Business Center located at 14305 21st Avenue North
was approved under City Council Resolution No. 86-453; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit in the amount of $90,800.00; and,
WHEREAS, upon notice from the developer that required site improvements had been
completed, City staff has inspected said site and recommends release 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 doei authorize the release of the Letter of Credit
No. 87-3 in the amount of $90,800.00 which was submitted to guarantee site improvements
for Cimarron Business Center at 14305 21st Avenue North.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Vasiliou , and upon vote being taken thereon, the fol owing
voted in favor thereof: 4 Ayes
The following
voted against or abstained: None Whereupon the
Resolution was declared duly passed and adopted.