HomeMy WebLinkAboutCity Council Resolution 1991-758CITY OF PLYMOUTH
RESOLUTION 91-758
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR GOFF HOMES FOR
FERNBROOK MANOR (PHASE II) LOCATED AT 44TH AVENUE NORTH AND FERNNROOK 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 cash in the amount of $54,000; and,
WHEREAS, the City Council, under Resolution 91-660, authorized the reduction
of the Letter of Credit to $13,250; 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 an $8,062
reduction of the financial guarantee which was submitted to guarantee site
improvements for Fernbrook Manor to a new total guarantee of $5,188.
Adopted by the City Council on December 2, 1991.
(res/cc/88019)