Laserfiche WebLink
Councilmember <br /> <br />introduced the follo,~qng resolution and moved for its adoption: <br /> <br />RESOLUTION g93-11- <br /> <br />RESOLUTION AUTHORIZING THIRD PARTY PAYMENT FOR WATERMAIN, <br />STORM SEWER, SANITARY SEWER AND STREETS IN ACCORDANCE WITH <br />PLEDGE AND PAYMENT AGREEMENT FOR WOOD POND HILLS 3RD <br />ADDITION <br /> <br /> WHEREAS, the City Council of the City. of Ramsey approved the final plat for Wood <br />Pond Hills 3rd addition on August 24, 1993; and <br /> <br /> WHEREAS, the City Council accepted a "Pledge and Payment Agreement" in lieu of the <br />standard financial guarantee; 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 part),, identified as <br />Chicago Title Insurance Company, 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 />watermain, storm sewer, sanitary sewer and streets payable to C.W. Houle in the amount of <br />$62,496.50; and <br /> <br /> WHEREAS, the City Engineer has reviewed said bills and agrees that the consmaction <br />bill does coincide with improvements that have been installed in Wood Pond Hills 3rd Addition <br />and recommends payment to C.W. Houle in the amount of $62,496.50 by Chicago Title Insurance <br />Company. <br /> <br />NOW THEREFORE, BE 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 Chicago Title Insurance Company to pay <br />$62,496.50 to C. W. Houle for payment of installation of watermain, storm sewer, <br />sanitary sewer and streets in Wood Pond Hills 3rd Addition. <br /> <br />2) <br /> <br />That the City Council directs the Finance Officer to forward a certified copy of this <br />resolution to Chicago Tire Insurance Company. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br /> and 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 /> <br />