HomeMy WebLinkAbout1975-163 CCR Member Tony Kuefler introduced the following resolution
and moved its adoption:
RESOLUTION NO. 75 -163
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, $1,200.00 of the above amount was released to
the Brook Park Baptist Church as per Resolutions No. 74 -205 and
75 -108; and
WHEREAS, the amount of subdivision improvements remain
ing to be completed under said cash escrow is estimated to cost
$900.00;
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Brooklyn Center to authorize the reduction of the
$2,400.00 cash escrow posted by the Brook Park Baptist Church
to guarantee certain subdivision improvements for the Brook
Park Estates to $900.00.
BE IT FURTHER RESOLVED that the City Treasurer be
authorized to issue a check to the Brook Park Baptist Church
in the amount of $1,500.00, which amount represents the
difference to be returned to them as cash escrow excess.
r.
August 4. 1975
Date Mayor
ATTEST:
clerk
The motion for the adoption of the foregoing resolution was
duly seconded by member Robert Jensen and upon vote being
taken thereon, the following voted in favor thereof:
Philip Cohen, Tony Kuefler, Bill Fignar and Robert Jensen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.