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HomeMy WebLinkAboutCity Council Resolution 1988-636CITY 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 ortoher, 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 88-636 AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR INDEPENDENT SCHOOL DISTRICT NUMBER 284 (87038, 87039, 87040) WHEREAS, A Site Plan for Independent school district number 284 for Wayzata Senior High, Birchview and Greenwood Elementary Schools located at 305 Vicksburg Lane, 425 Ranchview Lane, and 3635 Highway 101 respectively or approved under City Council Resolution 87-348, 87-349, and 87-350; and, WHEREAS, the developer submitted the required Site Performance Guarantee in the form of a Time Investment Certificate in the amount of $27,525; 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 release of the Time Investment Certificate Number 25634 in the amount of $27,525 which was submitted to guarantee site improvements for Independent School District Number 284 for Wayzata Senior High, Birchview and Greenwood Elementary Schools located at 305 Vicksburg Lane, 425 Ranchview Lane, and 3635 Highway 101. 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: Manor Schneider. entinctlaumbers vasa lion Ricker- zitur and Sisk The following voted against or abstainednone Whereupon the Resolution was declared duly passed and adopted.