HomeMy WebLinkAbout1975-108 CCR Member Maurice Britts introduced the following
resolution and moved its adoption:
RESOLUTION NO. 75 -108
RESOLUTION AUTHORIZING REDUCTION OF SUBDIVISION CASH
ESCROW AND THE DISBURSEMENT OF REMAINING FUNDS FOR
BROOK PARK ESTATES
WHEREAS, a cash escrow in the amount of $3,600.00 was
posted by the Brook Park Baptist Church to guarantee certain sub-
division improvements for the Brook Park Estates, as set forth in
the Financial Performance Guarantee by Developer, dated July 23,
1974; and
WHEREAS, $600.00 of the above amount was released to the
Brook Park Baptist Church as per Resolution No. 74 -205; and
WHEREAS, the amount of subdivision improvements remaining
to be completed under said cash escrow is estimated to cost
$2,400.00;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Brooklyn Center to authorize the reduction of the $3,000.00
cash escrow posted by the Brook Park Baptist Church to guarantee
certain subdivision improvements for the Brook Park Estates to
$2,400.00.
BE IT FURTHER RESOLVED that the City Treasurer be authorized
to issue a check to the Brook Park Baptist Church in the amount of
$600.00, which amount represents the difference to be returned to
them as cash escrow excess.
c--
June 23, 1975
d
Date
Mayor
ATTEST:
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 Robert Jensen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.