HomeMy WebLinkAboutCity Council Resolution 1989-699CITY 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 6th day
ur Nnvamhpr , 19.x_ The following members were present:
Mayor Schneider, Councilmembers Vasiliou, Ricker, Zitur and Sisk
The following members were absent: Nnn,-
Councilmember Sisk introduced the following Resolution and
moved its adoption:
RESOLUTION 89- 699
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR CIMARRON BUSINESS
CENTER (86004)
WHEREAS, a Site Plan for Cimarron Business Center located at 14305 21st Avenue
North was approved under City Council Resolution 86-453; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a Letter of Credit in the amount of $25,000; and,
WHEREAS, upon notice from the developer, and upon direction from the City
Council, 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. 635 in the amount of $25,000 which was submitted
to guarantee site improvements for Cimarron Business Center located at 14305
21st Avenue North to $2,500.
The motion for adoption of the foregoing Resolution was duly seconded
by_ Councilmember Vasiliou , and upon vote being taken thereon,
the following voted in favor thereof: _ayx Schneider. Councilmembers
Vasiliou- Ricker. Zitur and Sisk
The following voted against or abstained None
Whereupon the Resolution was declared duly passed and adopted.