HomeMy WebLinkAboutCity Council Resolution 1989-618CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a reeuiar meeting of the
City Council of the City of Plymouth, Minnesota, was held on the 2nd day
of October , 19_"_ The following ambers 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- 618
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR CROW-
MINNETONKA/PLYMDUTH LIMITED PARTNERSHIP (88095C)
WHEREAS, a Site Plan for John Griffith for Crow-Minnetonka/Plymouth Limited
Partnership located at 13755 1st Avenue North was approved under City Council
Resolution 88-548; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a Letter of Credit in the amount of $90,000; and,
WHEREAS, upon notice from the developer, City staff has inspected said site
and recommends reduction 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 reduction of
the Letter of Credit No. 72602 in the amount of $90,000 which was submitted to
guarantee site improvements for John Griffith for Crow-Minnetonka/Plymouth
Limited Partnership located at 13755 1st Avenue North to $7,000.
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 a
ed.