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HomeMy WebLinkAboutCity Council Resolution 1992-332CITY OF PLYMOUTH RESOLUTION 92-332 AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR INDEPENDENT SCHOOL DISTRICT 284 (WAYZATA) FOR WAYZATA SENIOR HIGH (88069) WHEREAS, a Site Plan for Independent School District 284 for Wayzata Senior High located at 305 Vicksburg Lane was approved under City Council Resolution 88-503; and, WHEREAS, the developer submitted the required Site Performance Guarantee in the form of a Banker's Acceptance in the amount of $93,146; and, WHEREAS, the City Council, under Resolution 90-244, authorized a reduction of the Banker's Acceptance to $20,000; 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 Banker's Acceptance in the amount of $20,000, which was submitted to guarantee site improvements for Wayzata Senior High. Adopted by the City Council on June 15, 1992. (res/cc/88069:dh) CITY OF PLYMOUTH RESOLUTION 92-332 AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR INDEPENDENT SCHOOL DISTRICT 284 (WAYZATA) FOR WAYZATA SENIOR HIGH (88069) WHEREAS, a Site Plan for Independent School District 284 for Wayzata Senior High located at 305 Vicksburg Lane was approved under City Council Resolution 88-503; and, WHEREAS, the developer submitted the required Site Performance Guarantee in the form of a Banker's Acceptance in the amount of $93,146; and, WHEREAS, the City Council, under Resolution 90-244, authorized a reduction of the Banker's Acceptance to $20,000; 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 Banker's Acceptance in the amount of $20,000, which was submitted to guarantee site improvements for Wayzata Senior High. Adopted by the City Council on June 15, 1992. (res/cc/88069:dh)