HomeMy WebLinkAbout2003-012 Per Release Summary Shingle Creek Parkway and 69th Avenue NorthMEMORANDUM
TO: Michael J. McCauley, City Manager
FROM: Ronald A. Warren, Planning and Zoning Specialist
SUBJECT: Site Performance Guarantee Release
DATE: September 1, 2005
The following site performance guarantee being held by the city for completion of various site improvements should be recommended to the City Council for release:
Holiday Stationstores, Inc. (6890 Shingle Creek Parkway)
Planning Commission Application No. 2003-012
Amount of Guarantee - $15,000 ( Letter of Credit)
Obligor – Holiday Stationstores, Inc.
All site improvements and conditions for which a site performance guarantee was posted have been completed with respect to this 2003 project. An as built survey has been submitted to
the Engineering Department, Holiday has compensated the City for its share of the costs of a right turn lane on 69th Avenue which was constructed this year and other engineering related
items have been completed. Landscaping was installed over a year ago and is in compliance with the approved landscape plan.
The City Council in December, 2004 authorized reduction of the original $115,500 Letter of Credit to $15,000 pending review this year of the viability of landscape improvements for this
project. The landscaping has proved to be viable.
It is recommended that the City Council authorize release of the remaining $15,000 based on completion of this project.