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HomeMy WebLinkAboutCity Council Resolution 1989-651CITY OF PLYMOUTH Pursuant to due call and notice thereof, a regular meeting of the C:ty Council of the City of Plymouth, Minnesota, was held on the 16th day of October , 19L9 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- 651 AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR DENNIS BACKES FOR PONDS NORTH (87093) WHEREAS, a Site Plan for Dennis Backes for Ponds North located northwest of Nathan Lane and 54th Avenue North was approved under City Council Resolution 87-786; and, WHEREAS, the developer submitted the required Site Performance Guarantee in the form of 16 Letters of Credit in the amount of $23,322 each; and, WHEREAS, the City Council under Resolution 89-472 authorized the reduction of 5 of the Letters of Credit to $3,500 each; and, WHEREAS, upon notice from the developer, City staff has inspected said site and recommends reduction of 6 of the Letters of Credit; 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 6 of the Letters of Credit in the amount of $23,322 each which were submitted to guarantee site improvements for Dennis Backes for Ponds North located northwest of Nathan Lane and 54th Avenue North to $3,500 each to cover winter survivability of landscaping. 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: Mayr Schngider, CgunclImpmbers Vzsilicu,_.Bickpr. 9.i tier and Rick The following voted against or abstained None Whereupon the Resolution was declared duly passed and adopted.