HomeMy WebLinkAbout1967-305 CCR Member John Leary introduced the following resolution
and moved its adoption:
RESOLUTION NO. 67 -305
RESOLUTION DIRECTING THE DISBURSEMENT OF CASH ESCROW
FOR HALEK'S 5TH ADDITION
WHEREAS, on December 27, 1965, the (then) Village of Brooklyn
Center received a Financial Performance Guarantee, along with a cash
escrow in the amount of $17,250.00 to guarantee payment for the sani-
tary sewer and water main installation in Halek's 5th Addition in
Brooklyn Center, and
WHEREAS, the water main and sanitary sewer as guaranteed by
the above mentioned cash escrow were duly installed as a part of
Projects No. 1967 -32 and 1967 -31, respectively, and
WHEREAS, the costs attributable to Halek's 5th Addition for
the above mentioned improvements are $3,920.00 and $4,769.92, respect
ively, for a total amount of $8,689.92.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Brooklyn Center to direct the City Treasurer to negotiate
the existing certificate of deposit on or shortly after the due date
of October 26, 1967, and credit the proper construction accounts.
BE IT FURTHER RESOLVED that the City Treasurer issue a check
in the amount of $8,560.08 to Joseph Halek and Mike Halek, which
amount represents the balance to be returned to them as cash escrow
excess.
October 16, 1967
Date Mayor
ATTEST: _42Z.-
Clerk
The motion for the adoption of the foregoing resolution was duly
seconded by member Howard Heck 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.