HomeMy WebLinkAboutCity Council Resolution 1988-246CITY• 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 18th day of A ril , 1988. The
following members were present: Mayor Sch:ie ela r ouncIImembers VasIllou, Ricer
Zitur and Sisk We-
following
e0 ow ng members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-246
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, the City Council on March 7, 1988, under Resolution No. 88-161 approved the
reduction to $83,400.00; 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 Construction
Loan in the amount of $83,400.00 which was submitted to guarantee site Improvements for
Trammell Crow Company located at 13805 1st Avenue North, to $81,600.00.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the following
voted n favor thereof: Mayor Schneider, Councilmembers Vasiliou Ricker Zitur
and Sisk The following
voted against or abstained: None Whereupon the
Resolution was declared duly passed and adopted.