HomeMy WebLinkAboutCity Council Resolution 1994-473•
>R880U=N 94 - 473
AUTSOREEM REDUCTION OF VIE PERFORMANCE OUARANPBB FOR
BAIDOR ELBC721C COMPANY. FOR PROPERTY LOCATED AT 12955 STATE
ffiOWAY NO. 35. (94024)
W1lEREAS, a Site Plan for Baldor Electric Company was approved by Adminbtradve
Approval Letter Dated May 03, 1994; ands
WHEREAS, the developer wbmitced the required Site Pierfmmoce Ouaraatee in the
form of a Letter of Credit in the amowtt of $37,7W.00; and,
WIffiiEAS, upon notice from the developer, City staff hu hgacted aid do and
recommends redaction of the Roa=W puaraatee;
NOW9 TORE, BE Pr HEREBY RESOLVED BY TIKE C1TY COUNCEL OF
TIlB CITY OF PLYMOUTHo MWEBSOW4 that it should and busby does wtbodw
a $35,200.00 reduction of the Letter of Credit Mhkh wu submitted to pwnntee she
improv I - A -s for Baldor Electric Compaay to a new total guarantee of $2300.00.
Adopted by the City Council on August 131 1994
(farall)