HomeMy WebLinkAbout1976-143 CCR Member Tony Kuefler introduced the following resolution
and moved its adoption:
RESOLUTION NO. 76 -143
I
RESOLUTION AUTHORIZING REDUCTION OF SUBDIVISION BOND
AND THE DISBURSEMENT OF REMAINING FUNDS FOR NORTH
METRO ADDITION.
WHEREAS, on March 16, 1976, the City of Brooklyn Center
received a Savings Certificate in the amount of $14,500.00 to
guarantee certain subdivision improvements for the North Metro
Addition, as set forth in the Financial Performance Guarantee by
Developer dated March 16, 1976; and
WHEREAS, the street surfacing as guaranteed by the above
mentioned Savings Certificate was duly installed as part of
Project No's. 1976 -1 and 1976 -2; and
WHEREAS, the total amount attributable to North Metro
Addition for the above mentioned projects is $6,431.13; and
WHEREAS, the amount of improvements remaining to be completed
under said Savings Certificate is estimated to cost $3,000.00.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Brooklyn Center direct the City Treasurer to negotiate the
existing Savings Certificate and credit Project 1976 -1 the amount
of $5,037.47 and Project 1976 -2 the amount of $1,393.66, totalling
$6,431.13.
BE IT FURTHER RESOLVED that the City Treasurer retain the
balance of $3,000.00 until all other work is completed in North
Metro Addition and issue a check in the amount of $5,068.87 to
Dennis Barker, which amount represents the difference to be returned
to him as cash escrow excess.
October 4, 1976
D8.t e Mayor
ATTEST
Clerk
The motion for the adoption of the foregoing resolution was duly
seconded by member Maurice Britts and upon vote being taken
thereon, the following voted in favor thereof: Philip Cohen,
Maurice Britts, Tony Kuefler, Bill Fignar, and Robert Jensen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.