HomeMy WebLinkAboutCity Council Resolution 1988-481CITY OF PLVWTH
Pursuant to due call and notice thereof, a �regular meeting of the City Council of the
City of Plymouth, Minnesota, was held on the 15th day of August , 1988. The
following members were present: Mayor Schneide— r, Zouncilmembers �iliou, Ricker,
Zitur and Sisk The
following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-481
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR L.S.I. CORPORATION (85021)
WHEREAS, a Site Plan for L.S.I. Corporation for property at 2100 Xenium Lane North was
approved under City Council Resolution No. 85-351; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Bond in the amount of $145,000.00; and,
WHEREAS, upon notice from the develop•:, 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 Bond No.
47-0120-11271-85-9 in the amount of $145,000.00 which was submitted to guarantee site
Improvements for L.S.I. Corporation for property located at 2100 Xenium Lane North.
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: Mayor Schneider Councilmembers Vasiliou Ricker
Zitur and Sisk The following
voted against or abstained: None Whereupon the
Resolution was declared duly passed and adopted.