HomeMy WebLinkAbout1971-192 CCR Member Theodore Willard introduced the following resolution
and moved its adoption:
RESOLUTION NO. 71 -192
RESOLUTION RELATIVE TO SUBDIVISION BOND FOR THOMAS
CONSTRUCTION CO. 2ND ADDITION PERTAINING TO LOTS 3, 4 5
OF BLOCK 2
WHEREAS, on December 16, 1969 a certified check in the
amount of $3,000.00 was posted to guarantee certain subdivision
improvements in the Thomas Construction Co. 2nd Addition; and
WHEREAS, on October 1, 1971 an agreement dated September 21,
1971 was received which assigned the above subdivision obligations
to David Baerg; and
WHEREAS, a certified check in the amount of $3,000.00 was
received with the above mentioned agreement, which check was
deposited in the Investment Trust Fund of the City;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Brooklyn Center as follows:
1. To accept a $3,000.00 cash escrow from David Baerg
to guarantee the improvements for the Thomas
Construction Co. 2nd Addition as set forth in the
Financial Performance Guarantee by Developer or
Contractor dated September 21, 1971.
2. To direct the City Treasurer to return to the Thomas
Construction Company the presently held cash escrow
in the amount of $3,000.00.
October 5, 1971
Date Mayor
ATTEST: 11 0
Cler
The motion for the adoption of the foregoing resolution was duly
seconded by member John Leary and upon vote being
taken thereon, the following voted in favor thereof: Philip Cohen,
John Leary, Vernon Ausen, Howard Heck and Theodore Willard;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.