HomeMy WebLinkAbout1967-028 CCR Member John Leary introduced the following resolution and
moved its adoption:
RESOLUTION NO. 67 -28
RESOLUTION REDUCING THE CASH ESCROW FOR THE DEVELOPMENT
BOND AND AUTHORIZING THE DISBURSEMENT OF REMAINING FUNDS
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 of 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 such amount being 1250 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
assessable against Block 2, Lot 6, Northtown Plaza 1st Addition,
determined to be $21,348.02, and
WHEREAS, the street surfacing has not been completed and
125% of this cost assessable against Block 2, Lot 6, Northtown
Plaza lst Addition, is estimated to be $4,000.00.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Brooklyn Center, Minnesota, to cash the above said check
and disburse the funds in the following manner:
1. $21,348.02 to be credited to the proper assessment
projects and construction projects within the City
as listed below:
Storm Sewer Project No. 1966 -40 $16
Sanitary Sewer Project No. 1966 -42 1,379.76
Water Main Project No. 1966 -43 2,510.31
Curb 8 Gutter Project No. 1966 -45 894.11
Total: $21
2. $10,651.98 to be returned to George E. Hanson and
Naime C. Hanson.
3. $4 to be retained as cash escrow against the
upcoming street improvements.
I
RESOLUTION NO. 67 -28
February- 6, 1967
Date d Mayor
ATTEST:
r
Clerk
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, Howard Heck, Gordon Erickson and Theodore Willard,
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.