HomeMy WebLinkAboutCity Council Resolution 1988-012CITY OF PLYMOUTM
Pursuant to due call and notice thereof, a regular meeting of the City Council of the
City of Plymouth, Minnesota, was held on the 4th day of Januar , 1988. The
following members were present: Mayor Schne eic-r,�ouncilme ers as ou,RiccT er,
Zitur and Sisk —TFe-
following members were absent: None
Councilmember Sisk
adoption:
Introduced the following Resolution and moved Its
RESOLUTION NO. 88-12
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR MIDWEST BRICK AND SUPPLY
COMPANY (87064)
WHEREAS, a Site Plan for Midwest Brick and Supply Company, located at 5205 County Road
18, was approved under City Council Resolution No. 87-516; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the fora: of
a Letter of Credit in the amount of $225,000.00; 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. 6205 in the amount of $225,000.00 which was submitted to guarantee site
improvements for Midwest Brick and Supply Company at 5205 County Road 18 to $55,000.00.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the ?ollowTnq
voEed in favor thereof: or neider Councilmembers Vasiliou Ricker Zitur and
Sisk the roilow nq
voted against or abstained:— None Whereupon the
Resolution was declared duly passed and a opte