HomeMy WebLinkAboutCity Council Resolution 1991-316CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the
City Council of the City of Plymouth, Minnesota, was he on the 3rd day
of June , 19 91 The following members were present:
Mayor Bereman. Councilmembers Helliwell Ricker. Vasiliou and Zitur
The following members were absent: None
Mayor BergjDgn intro,'.aced the following Resolution and
moved its adoption:
RESOLUTION 91.316
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR LYMAN LUMBER COMPANY
(90060)
WHEREAS, a Site Plan for Parkview Ridge 2nd and 3rd Addition was approved
under City Council Resolution 90-500; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a Letter of Credit No. 26987.7 in the amount of $99,700; 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 a $48,900
reduction of the Letter of Credit Number 26987.7 which was submitted to
guarantee site improvements for Parkview Ridge 2nd and 3rd Addition to a new
total guarantee of $50,800.
The motion for adoption of the foregoing Resolution was duly seconded
by Councilmember Ricker and upon vote being taken thereon,
the following voted in favor thereof: Manor Berman. Councilmembers
Helliwell Ricker. Vasiliou and Zitur
The following voted against or abstained None
Whereupon the Resolution was declared duly passed and adopted.
(cc/jk/90060.res/red:dh)