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Councilmember <br /> <br />introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #96-08- <br /> <br />RESOLUTION:AUTIlORIZING THIRD PARTY PAYMENT FOR WATERMAIN, <br />STORM SEWER, SANITARY SEWER AND STREETS IN ACCORDANCE WITH <br />PLEDGE ANDiPAYMENT AGREEMENT FOR BRANDSETH ADDITION <br /> <br /> WHEREAS, the City Council of the City of Ramsey approved the final plat for the <br />Brandseth Addition on March 26, 1996; and <br /> <br /> WHEREAS, the City Council accepted a "Pledge and Payment Agreement" in lieu of the <br />standard financial gum'antee; and <br /> <br /> WHEREAS, the Pledge and Payment Agreement states that all construction payments <br />must first be reviewed and accepted by the City prior to authorizing the third party, identified as <br />Registered Abstracters, Inc., to pay down on the funds identified in the Pledge and Payment <br />Agreement; and <br /> <br /> WHEREAS, the developer has submitted construction bills for the installation of <br />sanitary sewer, watermain, storm sewer and street construction payable to WB Miller, Inc. in the <br />amount of $171,809.24; and <br /> <br /> WHEREAS, the City Engineer has reviewed said bills and agrees that the construction <br />bill does coincide with improvements that have been installed in the Brandseth Addition and <br />recommends payment to WB Miller, Inc. in the amount of $171,809.24 by Registered Abstracters, <br />Inc. <br /> <br />NOW TIIEREF¢)RE, Big IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) <br /> <br />That the City Council hereby authorizes Registered Abstracters, Inc. to pay $171,809.24 to <br />WB Millerl Inc. for the installation of sanitary sewer, watermain, storm sewer and streets <br />in the Branttseth Addition. <br /> <br />2) <br /> <br />That the City Council directs the Finance Officer to forward a certified copy of this <br />resolution to Registered Abstracters, Inc. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br /> upon vote being taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against the same: <br /> <br />and the following abstained: <br /> <br />and the following were absent: <br /> <br />whereupon said remlution was declared duly passed and adopted by the Ramsey City Council this <br />thel3th day of August, 1996. <br /> <br /> <br />