Agenda - Council - 10/08/1996 - Laserfiche WebLink

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I I I I I I I Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #96-10- RESOLUTION-:APPROVING PARTIAL PAYMENT TO EDSON INVESTMENT FAMILY LIMITED PARTNERSHIP FOR THE EXPENSES INCURRED WITH THE EXTENSION OF SEWER AND WATERMAIN TO THE BRANDSETH SUBDIVISION !AND THE MUNICIPAL BUILDING/POLICE STATION WHEREAS, the City entered into a development agreement on May ~4, 1996, with the Edson Investment Family Limited Partnership; and WHEREAS, Section 9 of said agreement made the Developer responsible for the installation of watOr and sewer utilities to the subdivision, and also from the subdivision to the Municipal Buildin~tpolice Station; and WHEREAS, within said agreement, the City agreed to reimburse the Developer the costs of said extension over and above the normal trunk charges due from the Developer;, and WHEREA:S, the Developer has installed the necessary sewer and watermains; and WHEREA4S, the costs of the extensions has been estimated to be $153,060.16 over the normal trunk charges due from the Developer;, and WHEREAJS, said improvements are substantially complete, but not fully accepted at this time and, therefore; no more than 95% of those funds should be released; and WHERE&S, City Engineer Steve Jankowski has inspected and recommends partial payment to Edson Investment Family Limited Partnership in the amount of $145,407.15. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ~NOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the Cj, ty Council hereby authorizes partial payment to Edson Investment Family Limited Pa~nership for the installation of sewer and water utilities to the Brandseth Subdivision and to the Municipal Building/Police Station in accordance with said agreement. 2) That the City Council hereby accepts the project and authorizes the Mayor or City AdministratOr to sign the release form for this payment. 3) That the total amount of this payment is not included in resolutions approving paymentof bills for the Inonth of October, 1996. 4) That the City of Ramsey Finance Department be provided a signed copy of this resolution. The motion for the a~doption of the foregoing resolution was duly seconded by Councilmember and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: and the following abstained: and the following were absent: