HomeMy WebLinkAbout1970-193 CCR Member Vernon Ausen introduced the following resolution
and moved its adoption:
RESOLUTION NO. 70 -193
RESOLUTION DIRECTING THE REDUCTION OF CASH ESCROW FOR
BING'S ADDITION NO. 2
WHEREAS, on December 31, 1968, the City of Brooklyn Center
received a Financial Performance Guarantee along with a cash
escrow in the amount of $2300.00 to guarantee payment for street
surfacing, sod, trees, and other miscellaneous items in Bing's
Addition No. 2 in Brooklyn Center; and
WHEREAS, a portion of the street surfacing as guaranteed
by the abovementioned cash escrow was duly installed as Project
No. 1968 -38; and
WHEREAS, the City Council did by Resolution No. 69 -297
direct the -City Treasurer to negotiate the cash escrow and credit
the proper construction account a total of $826.75, and to retain
the balance of $1473.25 until the additional improvements as
provided to have been effected; and
WHEREAS, proper easements are not attainable at this time
for completing utilities and surfacing on 68th Avenue North from
5th Street to Camden Avenue; and
WHEREAS, Lot 3 Block 1 of Bing's Addition No. 2 has been
deemed an unbuildable lot; and
WHEREAS, the amount of improvements remaining to be
completed under said escrow on Camden Avenue and 5th Street
North and including the sodding on 68th Avenue North for Lots
2 and 4, Block 1, Bing's Addition No. 2 is estimated to cost
$1,030.00.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
C ity of Brooklyn Center to direct the City Treasurer to retain
the balance of $1,030.00 until all other work is completed in
Bing's Addition No. 2, and issue a check in the amount of $443.25
to Mr. Anthony Pendzimas, which amount represents the difference
to be returned to him as cash escrow excess.
BE IT FURTHER RESOLVED that the City Council of the City
of Brooklyn Center require Mr. Anthony Pendzimas to obtain a bond
in the amount of $750.00 to guarantee payment of street surfacing
for 68th Avenue North abutting Lots 2 and 4 Block 1, Bing's
Addition No. 2.
October 19, 1970
Date G,i Mayor
RESOLUTION NO. 70 -193
ATTEST:
Cl er��
The motion for the adoption of the foregoing resolution was duly
seconded by member 'Theo. Willard 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.
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