HomeMy WebLinkAboutCity Council Resolution 1990-599CITY OF BLMMDOTH
Pursuant to due call and notice thereof, a _ regular meeting of the
City Council of the City of Plymouth, Minnesota, was held on the 24th day of
September , 1920_ The following members were present: Mavor Berg
Councilmembesa Helliwell, Ricker, Vasiliou, and Zitur
The following members were absent: None
Councilmember Zitur _ introduced the following Resolution and
moved its adoption:
RESOLUTION 90-599
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR BILL HICKS & CO., LTD.
(88089)
WHEREAS, a Site Plan for Parkers Lake Corporate Center was administratively
approved; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a letter of credit in the amount of $91,990; and,
WHEREAS, a reduction of the Site Performance Guarantee to $5,000 was approved
under City Council Resolution 89-571; 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 No. SB7586 in the amount of $5,000, which was submitted
to guarantee site improvements for Parkers Lake Corporate Center.
The motion for adoption of the foregoing Resolution was duly seconded
byor Berman , and upon vote being taken thereon,
the following voted in favor thereof: _Mayor Bergman, CouncilmembArm
Halliwell, Rickar, Vasiliou, and Zitur
The following voted against or abstained None
Whereupon the Resolution was declared duly passed and adopted.