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HomeMy WebLinkAboutCity Council Resolution 1990-672CITY Or PLMIOUTH Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Plymouth, Minnesota, was held on the 15th day of October, 1990 The following members were present: mayor Bergman, CouncilmP+nl�era Relliwell, RickerVasiliou, and Zitur The following members were absent: None Counci introduced the following Resolution and moved its adoption: RESOLUTION 90-672 AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR DUNDEE NURSERY AND LANDSCAPING COMPANY (88119) WHEREAS, a Site Plan for Dundee Nursery and Landscaping Company was administratively approved on October 5, 1988; and, WHEREAS, the developer submitted the required Site Performance Guarantee in the form of a Letter of Credit in the amount of $30,800; and, WHEREAS, the City Council, under Resolution 89-621, authorized the reduction of this Letter of Credit to $3,250; and, WHEREAS, upon notice from the developer, City staff has inspected said site and recommends reduction 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 #7549 in the amount of $3.250, which was submitted to guarantee site improvements for Dundee Nursery. The motion for adoption of the foregoing Resolution was duly seconded by Cauncilmember Vasiliou and upon vote being taken thereon, the following voted in favor thereof- _Mayor Bergman, Councilmembers _ Helliwell. Ricker, Vasiliou, _ and Zitur The following voted against c>r abstained_ None _. Whereupon the Resolution was declared duly passed and adopted. (res/cc/88119)