HomeMy WebLinkAbout1974-145 CCR Member Bill Fignar introduced the following resolution
and moved its adoption:
RESOLUTION NO. 74 -145
RESOLUTION DIRECTING THE DISBURSEMENT OF CASH
ESCROW FOR BAERG 1ST ADDITION
WHEREAS, a certified check in the amount of $3,000.00 was
posted by David Baerg to guarantee certain subdivision improvements
for the Baerg lst Addition, as set forth in the Financial Perform-
ance Guarantee by Developer, dated June 23, 1972; and
WHEREAS, the street surfacing as guaranteed by the above
mentioned cash escrow was duly installed as part of Project 1972 -34
for Lots 1, 2 and 3, of Block 1, Baerg's lst Addition; and
WHEREAS, the cost attributable to the said lots in Baerg's
lst Addition is $2,246.91; and
WHEREAS, the amount of improvements remaining to be completed
under said cash escrow is estimated to cost $450.00.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Brooklyn Center to direct the City Treasurer to negotiate
the existing cash escrow and credit the proper construction account
a total of $2,246.91.
BE IT FURTHER RESOLVED that the City Treasurer retain the
amount of $450.00 until all other work is completed in Baerg lst
Addition and issue a check in the amount of $303.09 to David Baerg,
which amount represents the difference to be returned to him as
cash escrow excess.
September 9, 1974
Date 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.