HomeMy WebLinkAbout1984-004 CCR Member Celia Scott introduced the following resolution and
moved its adoption:
ill RESOLUTION NO. 84 -4
RESOLUTION DIRECTING THE TRANSFER OF PERFORMANCE DEPOSITS
FROM THE INVESTMENT TRUST FUND
BE IT RESOLVED BY THE CITY COUNCIL of the City of Brooklyn Center,
Minnesota, that the Finance Director is hereby authorized and directed to transfer
the following performance deposits from the Investment Trust Fund to the General
Fund:
Date of
Name of Depositor Purpose of Guarantee Submittal Amount
Thomas G. Lovett Subdivision Improvements 9/15/54 400.00
Street Hoffman Addition
Nordstrom -Odell Co. Subdivision Improvements 9/15/55 200.00
Nordstrom's First Addition
L.D. Balfany Subdivision Improvements 10/3/56 373.90
M.C. Balfany Balfany Northport 2nd Addition
Lake Company Subdivision Improvements 10/29/58 345.00
Greenlawn Addition
III Ken Bergstrom Subdivision Improvements 10/1/62 100.00
Bergstrom's Lynside Manor
4th Addition
Brooklyn Center Subdivision Improvements 1/6/66 $1,500.00
Shopping Center Ewing Avenue Subdivision
H S Asphalt Street Improvements 12/10/68 $2,000.00
Dwellings, Inc. Property Improvements 4/1/69 450.00
Along Kyle Avenue
A.S. Pinzimas Subdivision Improvements 4/1/69 $1,473.25
Bings Addition No. 2
David Baerg Subdivision Improvements 4/1/69 400.00
Baerg Gardens Addition
North Metro Subdivision Improvements 2/4/77 400.00
Construction, Inc. North Metro Addition
United Asphalt Street Improvements 1/16/79 92.13
ill United Asphalt Street Improvements 1/13/79 64.93
RESOLUTION NO. 84 -4
Ili BE IT FURTHER RESOLVED that:
1. The Finance Director is hereby authorized and directed to transfer
a $2,500.00 performance deposit provided by the developer of Burch
Wise Addition on March 30, 1959, from the Investment Trust Fund
to the General Fund, said amount to be withdrawn as payment for
construction of storm sewer to serve said subdivision at such
time said storm sewer is constructed.
2. The City Assessor is hereby authorized and directed to credit
Lots 1 through 16, Block 1, Burch Wise Addition, $156.25 each
(for a total of $2,500.00) toward the payment of special assessments
related to the construction of said storm sewer in the event said
sewer is installed.
BE IT FURTHER RESOLVED that the Finance Director is hereby authorized
and directed to release the following performance deposits from the Investment
Trust Fund as acknowledgement of the successful completion of the required
improvements:
Date of
Name of Depositor Purpose of Guarantee Submittal Amount
Jim Gilbertson Subdivision Improvements 2/4/77 600.00
Willow Bluff Addition
C.S. McCrossan, Inc. Performance Guarantee 5/17/79 440.80
Contract 1977 -J
Nova- Frost, Inc. Performance Guarantee 10/31/79 500.00
Storm Sewer Medtronics
January 9, 1984 y�p
Date- May
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ATTEST: ''//r
Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
member Bill Hawes and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Gene Lhotka, Celia Scott, Bill Hawes,
III and Rich Theis;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.