HomeMy WebLinkAbout1975-076 CCR Member Robert Jensen introduced the following resolution
and moved its adoption:
RESOLUTION No. 75 -76
RESOLUTION DIRECTING DISBURSEMENT OF A $2,500.00 CERTIFICATE
i OF DEPOSIT FOR CERTAIN SUBDIVISION IMPROVEMENTS IN H. SMILDEN'S
ADDITION
WHEREAS, on October 17, 1966, the Village Council of the (then)
Village of Brooklyn Center accepted a Central Northwestern National
Bank certificate of deposit dated October 13, 1966, from Mr. George
Hanson in the amount of $2,500.00 in lieu of a subdivision bond to
guarantee the installation of certain subdivision improvements in
H. Smilden's Addition; and
WHEREAS, portions of the Marvin Gardens Townhouse project
approved by the City Council on August 23, 1971, have been constructed
on that portion of said H. Smilden's Addition which said certificate
of deposit guarantees the installation of certain subdivision improve-
ments thereon and
WHEREAS, on April 7, 1975, the City Council of the City of
Brooklyn Center approved the Marvin Gardens plat, which combines
Lots 1 through 7 of Block 4, H. Smilden's Addition; vacated Orchard
Avenue North and 67th Avenue North; and portions of Lots 3, 4, and 5
of Block 2, Northtown Plaza 1st Addition; and
WHEREAS, on June.23, 1972, a.site development bond in the
amount of $20,000.00 was posted by Integrity Mutual Insurance Company
guaranteeing the construction of the site improvements for said town-
house project, thereby eliminating the further need for retaining
said $2,500.00 certificate of deposit; and
WHEREAS, George E. Hanson sold said properties combined in
the Marvin Gardens plat to Mr. Richard F. Zejdlik and Mr. David W.
Zemke; and
WHEREAS, George E. Hanson and Naime C. Hanson are deceased,
and the Northwestern National Bank of Minneapolis has been designated
as Executor of the Estate of Naime E. Hanson; and
WHEREAS, the City of Brooklyn Center has received a release
and assignment statement from said Northwestern National Bank,
Executor of the Estate of Naime C. Hanson, which releases any interest
in said escrow deposit, assigns any interest in said deposit, and
authorizes the City of Brooklyn Center to pay the entire amount of
said escrow deposit to Mr. Richard F. Zejdlik and Mr. David W. Zemke
or their assigns;
RESOLUTION NO. 75 -76
NOW, THEREFORE, BE IT RESOLVED that the Central Northwestern
National Bank be authorized to redeem the certificate of deposit
which is in the name of "The Village of Brooklyn Center or George E.
and Naime Hanson and release the proceeds of said certificate to
Mr. Richard F. Zejdlik and Mr. David W. Zemke in the amount of
$2,500.00, which amount represents the balance of deposit posted
by Mr. George E. Hanson for the H. Smilden's Addition; and
BE IT FURTHER RESOLVED that the City Clerk be directed to
forward a certified copy of this resolution to the Central North-
western National Bank.
April 21, 1 975
Date Mayor
ATTEST:
v r 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.