HomeMy WebLinkAbout1968-242 CCR1
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Member john Leary
and moved its adoption:
October 14, 1968
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introduced the following resolution
RESOLUTION NO. 68 -242
RESOLUTION DIRECTING THE DISBURSEMENT OF CASH ESCROW
FOR GEORGE'S TERRACE 2ND ADDITION
WHEREAS, on November 18, 1963, the (then) Village Council
of the Village of Brooklyn Center received a cash escrow in the
amount of $5,700.00 to guarantee payment for street surfacing in
George's Terrace 2nd Addition in Brooklyn Center, and
WHEREAS, on August 17, 1964, the (then) Village Council
of the Village of Brooklyn Center reduced the cash bond from
$5,700.00 to $1,600.00 for accomplished street surfacing, and
WHEREAS, on July 19, 1965, the (then) Village Council of
the Village of Brooklyn Center reduced the cash escrow from
$1,600.00 to $1,100.00, and
WHEREAS, the street surfacing as guaranteed by the above
mentioned cash escrow was duly installed as part of Project No.
1967 -29, and
WHEREAS, the cost attributable to George's Terrace 2nd
Addition for the above mentioned project is $175.95.
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 con-
struction account for a total of $175.95.
BE IT FURTHER RESOLVED that the City Treasurer issue a
check in the amount of $924.05 to George Johnson, which amount
represents the balance to be returned to him as cash escrow
excess.
The motion for the adoption of the foregoing resolution was duly
seconded by member EarlRydberg and upon vote being taken
thereon, the following voted in favor thereof: Philip Cohen,
John Leary, Earl Rydberg and Howard Heck;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
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