HomeMy WebLinkAboutCity Council Resolution 1988-486CITY 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 August , 1988. The
following members were present: Mayor Schneider Couneilmembers Vasiliou Ricker
Zitur and Sisk he
were
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 88-486
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR VANTAGE PROPERTIES, INC.
(85047)
WHEREAS, a Site Plan for Vantage Properties, Inc. for property at 2405 Xenium Lane was
approved under City Council Resolution No. 85-489; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form of
a Bond in the amount of $55,550.00; 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 Site
Perfurmance Bond No. 102624 in the amount of $55,500.00 which was submitted to
guarantee site improvements for Vantage Properties, Inc. on property located at 2405
Xenium Lane to $10,000.00.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember Zitur , and upon vote being taken thereon, the followinq
voted in favor thereof: Mayor Ohnelder, Couneilmembers Vasiliou Ricker
Zitur and Sisk The fol owinq
voted -against or abstained: None Whereupon the
Resolution was declared duly passed and adopted.