HomeMy WebLinkAboutCity Council Resolution 1991-038CITY Or PLMOUTH
Pursuant to due call and notice thereof, a regular meeting of the
City Council of the City of Plymouth, Minnesota, was held on the 11h day of
January, 1991. The following members were present: Counc+lm_emh._rs He111Me11T
Ricker,, Vasiliou, and Zitur
The following members were absent: Mayor Bergman
Councilmember Ricker introduced the following Resolution and
moved its adoption:
RESOLUTION 91-38
POLICY REGARDING REDUCTION OF FINANCIAL GUARANTEES RELATED TO SITE IMPROVEMENT
PERFORMANCE AGREEMENTS
WHEREAS, Section 11, Subdivision A of the Plymouth Zoning Ordinance specifies
that as various portions of work required by a Site Improvemeut Performance
Agreement have been completed by the developer and approved by the City, the
City Council may, by resolution, release such portion of the financial
guarantee as is attributable to such completed work; and,
WHEREAS, provide guidance concerning administration of this Ordinance
provision the following policy is hereby established:
1. City staff discretion and expertise shall be used in recommending
reduction amounts with respect to completion of all work specified in the
Site Improvement Performance Agreement except with respect to landscaping,
as noted below with regard to landscaping.
2. The amount of the financial guarantee shall not be reduced to less than 25
percent of the amount identified for all landscaping work until all
landscaping work required by the Landscape Plan and Site Improvement
Performance Agreement is installed and has survived one winter season.
The motion for adoption of the foregoing Resolution was duly seconded
by _ Co ++. or Zi -ur , and upon vote being taken thereon,
the following voted in favor thereof: Counc+ mamers Hel 1 +wel Ip Ri Geri
yasiliou. and Zitur
The following voted against or abstained None
Whereupon the Resolution was declared duly passed and adopted.
(res/cc/sipa.1-7:jw)