HomeMy WebLinkAbout1969-349 CCR Member Howard Heck introduced the following resolution
and moved its adoption:
RESOLUTION NO. 69 -349
RESOLUTION RELATIVE TO SUBDIVISION BOND FOR NAZARENE
ADDITION PLAT 2 AND THOMAS CONSTRUCTION CO. 2ND ADDITION
WHEREAS, on August 26, 1968, a subdivision bond in the
amount of $7,000.00 was posted to guarantee certain subdivision
improvements in the "Nazarene Addition Plat 2 and
WHEREAS, on August 26, 1969, an agreement was received
which assigned the above subdivision obligations to the Thomas
Construction Co., Inc., a Minnesota corporation, and
WHEREAS, a certified check in the amount of $7
was received with the above said assignment agreement, which
check was deposited in the Investment Trust Account of the City,
and
WHEREAS, the "Thomas Construction Co. 2nd Addition" plat
effects the replatting of a substantial portion of the "Nazarene
Addition Plat 2" and eliminates the further need for subdivision
bonding for the "Nazarene Addition Plat 2 and
WHEREAS, certain bond requirements in the amount of
$3,000.00 are generated by the platting of the "Thomas Construction
Co. 2nd Addition
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Brooklyn Center as follows:
1) To retain $3,000.00 to guarantee the improvements
for the "Thomas Construction Co. 2nd Addition" as
set forth in the Financial Performance Guarantee
by Developer or Contractor dated December 16, 1969.
2) To direct the City Treasurer to return to the
Thomas Construction Company the surplus cash escrow
in the amount of $4
December 29, 1969
Date /,r Mayor
ATTEST: a vft Y
Deputy Cl�rk w
The motion for the adoption of the foregoing resolution was duly
seconded by member Earl Rydberg and upon vote being taken
thereon, the following voted in favor thereof: Philip Cohen,
John Leary, Earl Rydberg, Howard Heck and Theodore Willard;
and he following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.