HomeMy WebLinkAboutCity Council Resolution 1994-472CITY OF PLYMUTR
RR$OLUTION M - 472
AUTHORIZING RBDUC"170N OF STTB PERFORMANCE OUARANTER FOR
ORBAT IMWEST CON TRUC170H. FOR PROMff LOCATED AT 4013
LANCASTER R LAMB NORIX (90104)
W®tBAS, a She Plr for One Midwm Oonsttactica was q*wved ander qty
CoaaW Resolutioa 91-126; and,
WiI Rt8A3, tee developer abmit0ed the required Sire Pbrtosmasoe Ounaabe is the
tam of a Cestiflab of Deposit in the amosat of $1109000.00; and,
WHIRUAl the City Council, under resolution 93-186, aAsthoriaed the re bWoa of the
CmWkw of Deposit to $S50753.00; and,
WISREAS, upon notice from the devebper, City off ens impeded Laid site and
recom Beads raduction of the AsascW guarantee;
NOW, MMEMR, W IT W1 Y RESOLVED BY Tim CITY COUNCIL OF
THE CITY OF PLYMOUTB, MRMSOTA, that it "Id and hereby does wthodw
a $0,7SS.00 reduction of the Letter of Credit wbich was submitted to 8uaraabe cite
impavemssb for Drat Midwest Cmdnrction / Lancaster Apntmesb to a new total
eaarastee of $10,000.00.
Adopted by the City Council on AWA 15, 1994
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