HomeMy WebLinkAbout1974-205 CCR Member Tony Kuefler introduced the following resolution
and moved its adoption:
RESOLUTION NO. 74 -205
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 subdivision
improvements for the Brook Park Estates, as set forth in the Financial
Performance Guarantee by Developer, dated July 23, 1974; and
WHEREAS, the subdivision improvements required for Lot 1,
Block 1, Brook Park Estates, amounting to $600.00 have been satis-
factorily completed; and
WHEREAS, the amount of subdivision improvements remaining
to be completed under said cash escrow is estimated to cost
$3,000.00;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Brooklyn Center to authorize the reduction of the $3,600.00
cash escrow posted by the Brook Park Baptist Church to guarantee
certain subdivision improvements for the Brook Park Estates to
$3,000.00.
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.
December 9, 1974
Date Mayor
ATTEST:
Clerk
The motion for the adoption of the foregoing resolution was duly
seconded by member Robert Jens en 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.