HomeMy WebLinkAboutCity Council Resolution 1993-342LJ
CITY OF PLYMOUTH
RESOLUTION 93-342
AUTHORIZING REDUCTION OF SITE PERFORMANCE GUARANTEE FOR 918 PLYMOUTH PARTNERS
II FOR PROPERTY LOCATED AT ROCKFORD ROAD AND HIGHWAY 169 (90011)
WHEREAS, a Site Plan for 918 Plymouth Partners II was approved under City
Council Resolution 90-265; and,
WHEREAS, the developer submitted the required Site Performance Guarantee in
the form of a Letter of Credit in the amount of $102,700; 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 a $56,500
reduction of the Letter of Credit #74793 which was submitted to guarantee site
improvements for 918 Plymouth Partners II to a new total guarantee of $46,200.
Adopted by the City Council on June 21, 1993.
(res/cc/90011)