HomeMy WebLinkAbout1977-139 CCR Member Tony Kuefler introduced the following resolution
and moved its adoption:
RESOLUTION NO. 77 -139
RESOLUTION AUTHORIZING REDUCTION OF SUBDIVISION BOND
FOR WEST RIVER ESTATES ADDITION.
WHEREAS, on December 4, 1974, Swanco, Inc., and Scherer Bros.
Lumber Company posted a financial performance guarantee bond in the
amount of $68,000.00 guaranteeing certain subdivision improvements
in the West River Estates Addition; and
WHEREAS, on July 26, 1976, the City Council authorized
reduction of said bond from $68,000.00 to $10,000.00; and
WHEREAS, on November 8, 1976, the City Council of the City of
Brooklyn Center reduced the subdivision bond from $10,000.00 to
$3,600.00; and
WHEREAS, the amount of improvements remaining to be completed
under said bond is estimated to be $500.00; and
WHEREAS, Mr. Harold Swanson of Swanco, Inc., posted a certified
check in the amount of $500.00 with the City Clerk of the City of
Brooklyn Center guaranteeing completion of the subdivision improvements;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Brooklyn Center to release the subdivision bond for West
River Estates Addition in the amount of $3,600.00 in lieu of the
$500.00 certified check posted for the remaining improvements.
i o Ji
July 11, 1977
Date Mayor
ATTEST: /�i/
Clerk
The motion for the adoption of the foregoing resolution was duly
seconded by member Bill Fignar and upon vote being taken
thereon, the following voted in favor thereof: Philip Cohen, Maurice
Britts Tony Kuefler, Bill Fignar, and Gene Lhotka;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
P Y P