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HomeMy WebLinkAboutCity Council Resolution 1993-372CITY OF PLYMOUTH RESOLUTION 93-372 AUTHORIZING RELEASE OF SITE PERFORMANCE GUARANTEE FOR TREE PRESERVATION FOR STUART CORPORATION FOR FERNBROOK TOWNHOMES LOCATED SOUTHEAST OF 44TH AVENUE NORTH AND FERNBROOK LANE (91044) WHEREAS, the City Council approved a Final Plat and Development Contract for Fernbrook Townhomes by Resolution 92-317; and, WHEREAS, the Development Contract provided for a Tree Preservation Plan; and, WHEREAS, the developer provided a financial guarantee in the amount of $24,525 to secure execution of the Tree Preservation Plan; and, WHEREAS, the City Forester has certified the development has complied with the Tree Preservation Plan, and he now recommends release 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 release of the Letter of Credit for Tree Preservation for Fernbrook Townhomes in the amount of.$24,525. Adopted by the City Council on July 12, 1993. res/cc/91044) •