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HomeMy WebLinkAboutCity Council Resolution 1991-328CITY 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 17th day of June 19 91 The following members were present: Ma or Berman,Councilmembers Helliwell Ricker Vasiliou and Zitur The following members were absent: None Councilmember Ricker introduced the following Resolution and moved its adoption: RESOLUTION 91-328 AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR HAMEL BUILDING CENTER (89026) WHFREAS, a Site Plan for Hamel Building Center was approved under City Council Resolution 89-372; and, WHEREAS, the developer submitted the required Site Performance Guarantee in the form of a Letter of Credit in the amount of $32,250; 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 in the amount of $32,250, which was submitted to guarantee site improvements for Hamel Building Center. 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 Berman, Councilmembers Helliwell, Ricker__ Vasiliou. and Zitur The folTowing voted against or abstained None Whereupon the Resolution was declared duly passed and adopted. (res/cc/89026.rel)