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)