Agenda - Council - 11/26/1996 - Laserfiche WebLink

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I I I I I I I ! I I I I I I I I I I I Cotmcilmember introduced the following resolution and moved for its adoption: RESOLUTION #95-01-020 RESOLUTION AUTHORIZING THIRD PARTY PAYMENT FOR WATERMAIN, STORM SEWER, SANITARY SEWER AND STREETS IN ACCORDANCE WITH PLEDGE AND PAYMENT AGREEMENT FOR WOOD POND HILLS 5TH ADDITION WHEREAS, the City Council of the City of Ramsey approved the final plat for Wood Pond Hills 5th addition on June 11, 1996; and WHER~,~ AS, the City Council accepted a "Pledge and Payment Agreement" in lieu of the standard financial guarantee; and WHEREAS, the Pledge and Payment Agreement states that all conslruction payments must fa'st be reviewed and accepted by the City prior to authorizing the third party, identified as Registered Abstracters, to pay down on the funds identified in the Pledge and Payment Agreement; and WHEREAS, the developer has submitted construction bills for the installation of watermain, storrh sewer, sanitary sewer and streets payable to Ryan Construction in the amount of $23,661.00; and WHEREAS, the City Engineer has reviewed said bills and agrees that the construction bill does coincida with improvements that have been installed in Wood Pond Hills 5th Addition and recommends payment to Ryan Construction in the amount of $23,661.00 by Registered Abstracters. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, iANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the City Council hereby authorizes the City Administrator to pay $23,661.00 to Ryan Construcfiotl for payment of installation of watermain, storm sewer, sanitary sewer and streets in Wood Pond Hills 5th Addition. 2) That the City Council directs the Finance Officer to forward a certified copy of this resolution Io Registered Abstracters. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember and.upon vot~ 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: whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this 26th day of Noveniber, 1996.