HomeMy WebLinkAboutCity Council Resolution 1988-628CITY 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 3rd day of October,
19 88 The following members were present: Mayor Schneider
Councilmembers Vasiliou. Ricker. Zitur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved
its adoption:
RESOLUTION 88- 628
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR WELSH CONSTRUCTION COMPANY
(88005)
WHEREAS, a Site Plan for Welsh Construction Company located at 9600 54th Avenue
north was administratively approved; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form
of a Letter of Credit in the amount of $169,210; and,
WHEREAS, upon notice from the developer, City staff has inspected said site and
recommends reduction of the financial guarantee;
NOW, THEREFORE, BE IT HERBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA, that it should and hereby does authorize release of the Letter of Credit
Number 655 in the amount of $169,210 which was submitted to guarantee site
improvements for Welsh Construction Company located at 9600 54th Avenue North to
$10,000.
The motion for adoption of the foregoing Resolution was duly seconded by
Councilmember 2.it,,r and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider. rounrilm_omherg Vagilinn
Bicker_ Zitur and Sisk The
following voted against or abstained. None Whereupon
the Resolution was declared duly passed and adopted.