HomeMy WebLinkAboutCity Council Resolution 1988-161CITY OF PLVNWH
Pursuant to due call and notice thereof, a regular meeting of the City Council of the
City of Plymouth, Minnesota, was held on the 7th day of March, 1988. The
following meters were present: Mayor SchnCouncilme ers as ou, ticker,
none
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-161
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR TRAMMELL CROW COMPANY (87092)
WHEREAS, a Site Plan for Trammell Crow Company located at 13805 1st Avenue North was
approved under City Council Resolution No. 87-633; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Construction Loan in the amount of $95,000.00; 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 COINrCIL OF THE CITY OF PLYMOUTH,
MINNESOTA, that it should and hereby does authorize the reduction of the Construction
Loan in the amount of $95,000.00 which was submitted to guarantee site improvements for
Trammell Crow Company at 13805 1st Avenue North to $83,400.00.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the following
voted In favor thereof: a or Schneider, Councilmembers Vasiliou Ricker
Zitur and Sisk I h e T o 1 ro–*'rn—g
voted against or abstained: one Whereupon the
Resolution was declared duly passes an a opte