HomeMy WebLinkAboutCity Council Resolution 1988-639r CITY 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 octoher,
19-" The following members were present: Mayor Schneider, Councilmembers
Vasiliou, Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Zitur
its adoption:
introduced the following Resolution and moved
RESOLUTION 88-61.2
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR VANTAGE COMPANY (85047)
WHEREAS, a Site Plan for Vantage Company located 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 $271,650; and,
WHEREAS, upon notice from the developer, City staff has inspected said site and
recommends release 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 Site Performance
Bond No. 102623 in the amount of $271,650 which was submitted to guarantee site
improvements for Vantage Company located at 2405 Xenium Lane.
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 Schneider. Counc11memher8 Vasilicnn,
Ricker, Zitur and Sisk The
following voted against or abstained None Whereupon
the Resolution was declared duly passed and adopted.