HomeMy WebLinkAboutCity Council Resolution 1991-660CITY OF PLYMOUTH
RESOLUTION 91-660
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR GOFF HOMES FOR
FERNBROOK MANOR LOCATED AT 44TH AVENUE NORTH AND FERNBROOK LANE (88019)
WHEREAS, a Site Plan for Fernbrook Manor was approved under City Council
Resolution 88-385; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a Letter of Credit in the amount of $54,000; 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 $40,150
reduction of the Letter of Credit #6360S which was submitted to guarantee site
improvements for Fernbrook Manor to a new total guarantee of $13,250.
Adopted by the City Council on October 21, 1991.
(res/cc/88019)