HomeMy WebLinkAboutCity Council Resolution 1991-663CITY OF PLYMOUTH
RESOLUTION 91-663
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR WELSH CONSTRUCTION
COMPANY FOR "918 PLYMOUTH PARTNERS" LOCATED AT 9750 COUNTY ROAD 9 (90011)
WHEREAS, a Site Plan for Welsh Construction Company was approved under City
Council Resolution 90-205; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a Letter of Credit #671 in the amount of $13,200; 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 $12,200
reduction of the Letter of Credit #671 which was submitted to guarantee site
improvements for "918 Plymouth Partners" to a new total guarantee of $1,000.
Adopted by the City Council on October 21, 1991.
(res/cc/90011)