HomeMy WebLinkAboutCity Council Resolution 1989-006CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the
City Council of the City of Plymouth, Minnesota, was held on the 3rd day
Of jantiarv, 198 The following members were present:
Mayor Schneider Councilmembers Vasiliou, Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and
moved its adoption:
RESOLUTION 89-06
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR OPUS CORPORATION FOR
TECH WEST 55 (85051)
WHEREAS, a site plan for OPUS Corporation for Tech West 55 located at 14800
28th Avenue North was approved under City Council Resolution No. 85-570; and
WHEREAS, the developer submitted the required site performance guarantee in
the form of a bond in the amount of $600,000; and,
WHEREAS, the City Council under Resolution No. 87-557 authorized the reduction
of the bond to $22,000; 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 Site Performance Bond No. 400 BB1174 in the amount of $22,000 which was
submitted to guarantee site improvements for OPUS Corporation for Tech West 55
located at 14800 28th Avenue North.
The motion for adoption of the foregoing Resolution was duly seconded
by Councilmember Vasiliou , and upon vote being taken thereon,
the following voted in favor thereof: Mnynr Rrhneidor, G0jinril*^Qmherr. Vasiliou,
Ricker. Zitur and Sisk
The following voted against or abstained None
Whereupon the Resolution was declared duly passed and adopted.