HomeMy WebLinkAboutCity Council Resolution 1989-614CITY 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 2nd day
of October , 19_L9_ The following members were present:
Mayor Schneider Councilmembers Vasiliou, Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Zitur introduced the following Resolution and
moved its adoption:
RESOLUTION 89-614
AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR WELSH COMPANIES, INC.
(88005)
WHEREAS, a Site Plan for Welsh Companies, Inc. for Auto -Sound located at 9600
54th Avenue North was administratively approved; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a Letter of Credit in the amount of $169,210; and,
WHEREAS, the City Council under Resolution 88-628 authorized the reduction of
the financial guarantee to $10,000; 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 Letter of Credit No. 673 in the amount of $10,000, which was submitted to
guarantee site improvements for Welsh Companies, Inc. for Auto -Sound located
at 9600 54th Avenue North.
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 adopted.