HomeMy WebLinkAboutCity Council Resolution 1988-480CITY 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 3th day of August , 1988. The
following members were present: Mayor Schne e��ounellmembers Vasillou. Ricci er
Zitur and Sisk The
following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-480
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR U-DO-CARWASH (85109)
WHEREAS, a Site Plan for U-Do-Carwash for property at 14440 28th Place North was
approved under City Council Resolution No. 85-974; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit in the amount of $32,500.00; and,
WHEREAS, the City Council under Resolution No. 87-49 authorized the reduction of the
financial guarantee to $2,5n✓.00; and,
WHEREAS, the City Council under Resolution No. 87-506 authorized the reduction of the
financial guarantee to $400.00; and,
WHEREAS, upon notice from the developer, 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 does authorize the release of the Certificate of
Deposit No. 7127 in the amount of $400.00 which was submitted to guarantee site
Improvements for U-DO-Carwash on property located at 14440 28th Place North.
The notion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the following
voted in favor thereof: Mayor Schneider Councilmembers Vasiliou Ricker
Zitur and Sisk 1he following
voted against or abstained: None Whereupon the
Resolution was declared duly passed and adopted.