HomeMy WebLinkAbout1967-297 CCR Member John Leary introduced the following resolution
and moved its adoption:
RESOLUTION NO. 67 -297
RESOLUTION RELEASING THE CASH ESCROW FOR THE DEVELOPMENT
BOND FOR NORTHTOWN PLAZA 1ST ADDITION
WHEREAS, on March 25, 1966, George E. Hanson and Naime C.
Hanson entered into a Financial Performance Guarantee agreement with
the (then) Village of Brooklyn Center, and
WHEREAS, this agreement guaranteed the payment for certain
streets, curb and gutter, storm sewers, sanitary sewers and water
mains assessable against Block 2, Lot 6, Northtown Plaza 1st Addition,
and
WHEREAS, under the terms of the agreement, George E. Hanson
and Naime C. Hanson furnished the (then) Village a negotiable check
in the amount of $36,000.00, such amount being 125% of the estimated
construction costs for the above mentioned improvements, and
WHEREAS, the curb and gutter, storm sewers, sanitary sewers
and water mains have been completed and their respective costs were
paid out of the proceeds of the above mentioned negotiable check as
directed by City Council Resolution No. 67 -28, and
WHEREAS, $4,000.00 of the proceeds of the above referenced
negotiable check was retained to cover the assessable cost of the
street surfacing for Block 2, Lot 6, Northtown Plaza lst Addition,
and
WHEREAS, the street surfacing has now been completed and the
assessable cost determined to be $3,436.60.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Brooklyn Center to direct the Finance Department to credit the
proper construction project and return the balance of $563.40 to
George E. Hanson and Naime C. Hanson.
October 2, 1967 r�
Date Mayor
ATTEST: ger
The motion for the adoption of the foregoing resolution was duly
seconded by member Gordon Erickson and upon vote being taken thereon,
the following voted in favor thereof: Philip Cohen, John Leary, Gordon
Erickson, Howard Heck and Theodore Willard,
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.