HomeMy WebLinkAbout1972-087 CCR Member John Leary introduced the following resolution
and moved its adoption:
RESOLUTION NO. 72 -87
RESOLUTION RELATIVE TO SUBDIVISION BOND FOR THOMAS
CONSTRUCTION CO. 2ND ADDITION AND BAERG 1ST ADDITION
WHEREAS, on September 21, 1971, a certified check in the
amount of $3,000.00 was posted by David Baerg to guarantee cer-
tain subdivision improvements in Lots 3, 4 and 5 of Block 2,
Thomas Construction Co. 2nd Addition; and
WHEREAS, the Baerg 1st Addition plat effects the replat-
ting of said lots in Thomas Construction Co. 2nd Addition and
eliminates the further need for subdivision bonding for that
portion of said Thomas Construction Co. 2nd Addition; and
WHEREAS, certain bond requirements in the amount of
$3,000.00 are generated by the platting of the Baerg 1st Addition.
NOW, THEREFORE, BE IT RESOLVED by Y the Ci Council of the
City of Brooklyn Center to retain the $3,000.00 cash escrow from
David Baerg to guarantee the improvements for the Baerg 1st Addi-
tion as set forth in the Financial Performance Guarantee by
Developer or Contractor dated June 23, 1972.
June 26, 1972
Date Mayor
Z& ATTEST.
Cierk
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,
John Leary, Vernon Ausen, and Maurice Britts;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.