HomeMy WebLinkAboutCity Council Resolution 1988-845CITY 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 5th day
of necembeF 1988 The following members were present:
maynr c..hupider. cnunrilmembers Vasiliou and Sisk
The following members were absent: Councilmembers Ricker and Zitur
rminyilmemher Sisk introduced the following Resolution and
moved its adoption:
RESOLUTION 88-845
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTY FOR PDQ FOOD STORES OF
MINNESOTA, INC. (86139)
WHEREAS, a Site Plan for Trammel Crow for PDQ Food Stores of Minnesota, Inc.
located at 4090 Annapolis Lane was approved under City Council Resolution No.
87-152; and,
WHEREAS, the developer submitted the required Site Performance Guaranty in the
form of a letter of credit in the amount of $68,100; and,
WHEREAS, upon notice from the developer, City Staff has inspected said site
and recommends reduction of the financial guaranty;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF
PLYMOUTH, MINNESOTA, that it should and hereby
letter of credit in the amount of $68,100 which
improvements for PDQ Food Stores of Minnesota,
Lane to $5,000.
authorize the
was submitted
Inc. located a
THE CITY OF
reduction of the
to guaranty site
t 4090 Annapolis
The motion for adoption of the foregoing Resolution was duly seconded
by Councilmember Vasiliou , and upon vote being taken thereon,
the following voted in favor thereof: _ Mayor Schneider Councilmembers
Vanilinrn and Sisk
The following voted against or abstained None
Whereupon the Resolution was declared duly passed and adopted.
r2p86139