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HomeMy WebLinkAboutCity Council Resolution 1992-729CITY OF PLY14DUTH RESOLUTION 92-'29 AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR CARLSON COMPANIES LOCATED ON LOTS 5 AND 6, BLOCK 1, MINNEAPOLIS INDUSTRIAL PARK 3RD ADDITION (83056) WHEREAS, a Site Plan for Carlson Companies was approved under City Council Resolution 83-628; and, WHEREAS, the developer submitted the required Site Performance Guarantee in the form of a Bond in the amount of $195,000; and, WHEREAS, upon notice from the developer, City staff has inspected said site and recommmends 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 $195,000, which was submitted to guarantee site improvements for Carlson Companies located on Lots 5 and 6, Block 1, Minneapolis Industrial Park 3rd Addition. Adopted by the City Council on November 16, 1992.