HomeMy WebLinkAboutCity Council Resolution 1989-703CITY 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
of Nnupmh r , 19_a2_ The following members were present:
Mayor Schneider. Councilmembers Vasiliou, Ricker, Zitur and Sisk
The following members were absent: None
Councilmember Sisk introduced the following Resolution and
moved its adoption:
RESOLUTION 89- 703
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR M. A. MORTENSON
COMPANY FOR MILES HOMES (80004).
WHEREAS, a Site Plan for M. A. Mortenson Company for Miles Homes located at
4700 Nathan Lane was approved under City Council Resolution 80-220; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a Bond in the amount of $375,000: 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 Bond No. 8083-20-81 in the amount of $375,000 which was submitted to
guarantee site improvements for M. A. Mortenson Company for Miles Homes
located at 4700 Nathan Lane to $5,000.
The motion for adoption of the foregoing Resolution was duly seconded
b Councilmember Zitur , 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.