HomeMy WebLinkAboutCity Council Resolution 1991-368CITY 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 1st day
of July , 19 91 The following members were present:
Mayor Ber an Councilmembers Helliwell Ricker Vasiliou. and Zitur
The following members were absent: None
Councilinember Vasiliou introduced the following Resolution and
moved its adoption:
RESOLUTION 91- 368
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR HEALEY RAMME COMPANY FOR
TIMBERTON (83054)
WHEREAS, a Site Plan for Timberton located at 26th Avenue North east of
Vicksburg Lane was approved under City Council Resolution 83-633; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a Letter of Credit in the amount of $160,725; and,
WHEREAS, the City Council, under Resolution 85-808, authorized a reduction of
the Letter of Credit to $120,000; and,
WHEREAS, the City Council, under Resolution 87-761, authorized a reduction of
the Letter of Credit to $70,000; 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 Number 1064 in the amount of $70,000, submitted by Healey
Ra-ame Company for Timberton to guarantee site improvements for Timberton.
FURTHER, Administrative Staff is directed to not issue permits for any new
dwellings in this subdivision until plans have been approved and applicable
site performance agreements and financial guarantees have been provided, in
accordance with the Zoning Ordinance.
The motion for adoption of the foregoing Resolution was duly seconded
by-, and upon vote being taken thereon,
the following voted in favor thereof: Mayor Bergmm, Councilmembers Helliwell,
The tollowing voted against or abstained_
Whereupon the Resolution was declared duly passed and adopted.
(res/cc/83054/rel:dh)