HomeMy WebLinkAboutCity Council Resolution 1989-304CITY 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 5th day
of June , 19D The following members were present:
Mayor Schneider. Councilmembers Vasiliou. Ricker. Zitur and Sisk
The following members were absent: None
Councilmemher Sisk introduced the following Resolution and
moved its adoption:
RESOLUTION 89- 304
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR TRAMMEL CROW COMPANY
(86139)
WHEREAS, a Site Plan for Trammel Crow Company located at 4000 Annapolis Lane
was approved under City Council Resolution 87-152; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a Construction Loan in the amount of $149,500; 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 Construction Loan in the amount of $149,500, which was submitted to
guarantee site improvements for Trammel Crow Company located at 4000 Annapolis
Lane.
The motion for adoption of the foregoing Resolution was duly seconded
by Councilmember Sisk , and upon vote being taken thereon,
the following voted in favor thereof: Mayor Schneider, Councilmembers
The following voted against or abstained None
Whereupon the Resolution was declared duly passed and adopt