HomeMy WebLinkAboutCity Council Resolution 1988-482CITY 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 15th day of Au ust , 1988. The
following members were present: _ Mayor Schneider,rouncilmembers Vasillou, Ricker,
Zitur and Sisk The
following members were absent: None
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-482
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR WELSH CONSrflucr ON COMPANY FOR
"WILLOW CREEK PLAZA" (86030)
WHEREAS, a Site Plan for Welsh Construction Company for "Willow Creek Plaza" on
property at 9800 Shelard Parkway was approved under City Council Resolution No. 86-288;
and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Letter of Credit in th3 amount of $131,550.00; and,
WHEREAS, the City Council under Resolution No. 87-479 authorized the reduction of the
financial guarantee to $11,700.00; 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 Letter of Credit
No. 590 in the amount of $11,700.00 which was submitted to guarantee site improvements
for Welsh Construction Company for "Willow Creek Plaza" located at 9800 Shelard
Parkway.
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: ayor, hneider, Councilmembers Vasiliou, Ricker,
Zitur and Sisk The following
voted against or abstained: None Whereupon the
Resolution was declared duly passed and adopted.