HomeMy WebLinkAboutCity Council Resolution 1988-632CITY 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,
1988 The following members were present:
Councilmembers Vasiliou, Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and moved
its adoptioâ–ºi:
RESOLUTION 88-632
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR JOHN DUFFY (86045)
WHEREAS, a Site Plan for John Duffy located at 10850 Old County Road 15 was approved
under Resolution No. 86-378; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in the form
of a Letter of Credit in the $20,000; and,
WHEREAS, the City Council under Resolution No. 87-728, approved the reduction to
$3,000; 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 Number 86-116 in the amount of $3,000 which was submitted to guarantee site
improvements for John Duffy located at 10850 Old County Road 15.
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 Schne{der, Councilmembers Vasiliou,
Ricker. Zitur and Sisk . The
following voted against or abstained None Whereupon
the Resolution was declared duly passed and adopted.