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HomeMy WebLinkAboutCity Council Resolution 1993-591CITY OF PLYMOUTH RESOLUTION 93 -591 RELEASE OF SITE PERFORMANCE GUARANTEE FOR FOOD ENGINEERING CORPORATION FOR PROPERTY LOCATED AT 2765 NIAGARA LANE NORTH (91034) WHEREAS, a Site Plan for Food Engineering Corporation was approved under City Council Resolution 91-313; and, WHEREAS, the developer submitted the required Site Performance Guarantee in the form of a L.C. in the amount of $70,500; and, WHEREAS, upon notice from the developer, City staff has inspected said site and 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 L.C. in the amount of $70,500, which was submitted to guarantee site improvements for Food Engineering Corporation. Adopted by the City Council on October 4, 1993.