HomeMy WebLinkAbout2001-176 CCRMember Kay Lasman introduced the following resolution and moved its
adoption:
RESOLUTION NO. 2001-176
RESOLUTION AUTHORIZING SURETY REDUCTION FOR ESTATES OF
RIVERWOOD
WHEREAS, the developer of ESTATES OF RIVERWOOD submitted a Letter of
Credit as security for the public improvements; and
WHEREAS, a portion of the street and utilities have been completed and the
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security can be reduced.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that Builders Mortgage Company LLC is authorized to reduce the
Letter of Credit No. 7139-1101 for ESTATES OF RIVERWOOD in the amount of $114,180.00,
leaving a letter of credit balance of $ $32,720.00.
December 10, 2001
Date
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Mayor
ATTEST:
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Ed Nelson
and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kay Lasman, Ed Nelson, Bob Peppe, and Tim Ricker;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.