Loading...
HomeMy WebLinkAbout2018-183 CCRMember moved its adoption: introduced the following resolution and RESOLUTION NO. 2018- RESOLUTION ACCEPTING WORK PERFORMED AND AUTHORIZING THE RELEASE OF FUNDS FOR CERTAIN FINANCIAL GUARANTEES BEING HELD BY THE CITY (LUTHER BROOKDALE VOLKSWAGEN DEALERSHIP) WHEREAS, the City requires, as a condition of approval for ce1iain planning applications, that the applicant enter into a Perfo1mance Agreement and submit a suppmiing financial guarantee, to be held by the City, to ensure ce1iain site improvements are completed in accordance with the approved plans and in a timely manner; and WHEREAS, the Perfmmance Agreement details the specific improvements that are included, and outlines the terms under which their respective financial guarantees may be released or reduced by the City; and WHEREAS, the City Council may release a financial guarantee upon accepting the work performed, or reduce a financial guarantee based upon the remaining amount of improvements left to complete; and WHEREAS, the City has received a request from a representative of the Luther Company, LLLP, requesting that the financial guarantee, in the form of a Letter of Credit (LOC), be released in the full amount of $100,000; and WHEREAS, City staff has inspected the property, located at 6801 and 6837 Brooklyn Boulevard, and commonly known as the Luther Brookdale Volkswagen Dealership, for compliance with the associated Performance Agreement, and has determined that all required site improvements have been completed and all conditions of the Performance Agreement have been fulfilled. NOW, THEREFORE, BE IT RESOLVED by the City Council of Brooklyn Center, Minnesota, that it hereby approves and accepts all of the work required to be undertaken in association with the approval of Planning Commission Application No. 2013-008 and City Council Resolution No. 2013-83 (Resolution Regarding the Recommended Disposition of Planning Commission Application No. 2013-008 Submitted by the Luther Company, LLLP Requesting Site and Building Plan Approval of the New Luther Brookdale Volkswagen Automobile Dealership Facility (6801 & 6837 Brooklyn Boulevard), and agrees to release the associated financial guarantee amount in full. Dan Ryan 183 2018-183 April Graves Marquita Butler, April Graves, Kris Lawrence -Anderson, Dan Ryan, Tim Willson None.