HomeMy WebLinkAbout1985-146 CCRMember Gene Lhotka introduced the following resolution and moved
its adoption:
RESOLUTION NO. 85 °146
RESOLUTION APPROVING INSPECTION REPORT ON HI CREST SQUARE ESTATES
AND DIRECTING STAFF TO COMPLETE WORK WITH FUNDS GUARANTEED UNDER
LETTER OF CREDIT FROM CAMDEN NORTHWESTERN BANK
WHEREAS, Application No. 82023 submitted by Bergstrom Realty for a 60 unit
townhouse development at 69th Avenue North and Fremont Place was approved by the
Brooklyn Center City Council on August 9, 1982, subject to certain conditions; and
1
WHEREAS, Condition No. 3 of said approval required the submission of a
performance agreement and supporting financial guarantee to assure completion of
approved site improvements; and
WHEREAS, Bergstrom Realty, in the person of Kenneth L. Bergstrom, entered
into a performance agreement with the City on August 16, 1982 with a completion date
of August 9, 1983 and submitted a performance guarantee in the form of a $75,000
Irrevocable Letter of Credit (No. 302 from Camden Northwestern Bank) at that time;
and
WHEREAS, the Brooklyn Center City Council authorized a reduction in the
performance guarantee to $45,000 on October 3, 1983 in lieu of partial completion of
the approved site improvements; and
WHEREAS, City staff have transmitted status reports to Bergstrom Realty
regarding the required site improvements at Hi Crest Square Estates, including a
report dated June 3, 1985 which informed the developer, Bergstrom Realty, that
foreclosure on the performance guarantee would be pursued if all work was not
completed by August 1, 1985; and
WHEREAS, Bergstrom Realty has acknowledged receipt of the staff status
reports, but has failed to complete or cause to be completed the required site
improvements as of August 5, 1985; and
WHEREAS, the incomplete status of the project site improvements has been
documented in an inspection report memorandum dated August 6, 1985 which is attached
hereto by reference.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn
Center as follows:
1. That the staff inspection report dated August 6, 1985
pertaining to site improvements at Hi Crest Square Estates is
hereby approved.
2. That City staff are hereby directed to complete or have
completed under contract all unfinished or improperly
completed site improvements at the Hi Crest Square townhouse
development required by approval of Planning Commission
Application No. 82023 in accordance with community
standards.
RESOLUTION` NO. 85 -146
3. That the costs of completing the approved site improvements
be collected from Camden Northwestern Bank which, by its
Irrevocable Letter of Credit No. 302, dated July 26, 1982,
has agreed to guarantee such improvements up to a cost of
$75,000.
August 12, 1985
Date f Mayor
ATTEST: L�
The motion for the adoption of the foregoing resolution was duly seconded by member
Rich Theis and upon a vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Gene Lhotka, Celia Scott, Bill Hawes, and
Rich Theis;
and the following voted against the same; none, whereupon said
resolution was declared duly passed and adopted.