HomeMy WebLinkAboutCity Council Resolution 1990-040CITY 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 22nd day
of January , 19 90 The following members were present:
Mayor Bergman, Councilmembers Helliwell, Ricker, and Vasiliou
The fo
ng members were absent: Councilmember Zitur
Councilmember Vasiliou introduced the following Resolution and
moved its adoption:
RESOLUTION 90- 40
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR BATON CORPORATION FOR
PARKSIDE AT MEDICINE LAKE (A-338)
WHEREAS, a Site Plan for Baton Corporation for Parkside at Medicine Lake
located southwest of Old County Road 9 and 41st Avenue North was approved
under City Council Resolution 85-644; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a site improvement account in the amount of $600,000; and,
WHEREAS, the City Council, per Resolution 86-93, reduced this amount
$363,000; and,
WHEREAS, the City Council, per Resolution 86-746, reduced this amount to
$254,500; and,
WHEREAS, the City Council, per Resolution 87-155, reduced this amount to
$133,400; and,
WHEREAS, upon notice from the developer, City staff has inspected said site
and recommends reduction of the site improvement account;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA, that it should a -id hereby does authorize the reduction of
the site improvement account in the amount of $133,400, which was submitted to
guarantee site improvements for Baton Corporation for Parkside at Medicine
Lake located southwest of Old County Road 9 and 41st Avenue North to $100,000.
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 Bergman, Councilmemuers
HelliwAll, Ricker. and Vasiliou
The following voted against or abstained None
Whereupon the Resolution was declared duly passed and adopted.