HomeMy WebLinkAboutCity Council Resolution 1992-728CITY OF PLYMOUTH
RESOLUTION 92- 28
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR CARLSON PROPERTIES, INC.
LOCATED AT 12800 HIGHWAY 55 (81058)
WHEREAS, a Site Plan for Carlson Properties, Inc. was approved under City
Council Resolution 82-1; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a Bond in the amount of $132,450; and,
WHEREAS, the City Council, under Resolution 83-600, authorized the reduction
of the Bond 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 Bond in the amount of $20,000, which was submitted to guarantee site
improvements for Carlson Properties, Inc. located at 12800 Highway 55.
Adopted by the City Council on November 16, 1992.