HomeMy WebLinkAboutCity Council Resolution 1989-619CITY OF PLYMOUTH
Pu suant 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 Orrnhpr , 1919 The following members were present:
Maxnr ,Schneider„- Coin ilmemhers VasilioU. Ricker. Zitur and Sisk
The following members were absent: Nene
eminrilmemhPr Zitur introduced the following Resolution and
moved its adoption:
RESOLUTION 89-619
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR CROW-
MINNETONKA/PLYMOUTH LIMITED PARTNERSHIP (88131)
WHEREAS, a Site Plan for John Griffith for Crow-Minnetonka/Plymouth Limited
Partnership located at 13200 10th Avenue North was approved under City Council
Resolution 88-786; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a Letter of Credit in the amount of $335,000; 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. 72716 in the amount of $335,000 which was submitted
to guarantee site improvements for John Griffith for Crow-Minnetonka/Plymouth
Limited Partnership located at 13200 10th Avenue North to $25,000.
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
Vaailinu_ Rirker_ Zitur and Sisk
The following voted against or abstained None
Whereupon the Resolution was declared duly passed and adopted.