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Councilmember Cox introduced the following resolution and <br />moved for its adoption: <br /> <br />RES~UTION %85-166 <br /> <br />RESOLUTION APPROVING REIMBURSEMENT OF ESCROW DEPOSITS TO <br />fLINTWOOD HILLS SECOND ADDITION <br /> <br /> WHEREAS, the City of Ramsey required escrow deposits <br />amounting to $38,000.00 from Flintwood Hills Second Addition; and <br /> <br /> WHEREAS, $28,301.38 of the $38,000.00 was used to cover <br />engineering costs on the project prior to the receipt of bond <br />funds by the City; and <br /> <br /> WHEREAS, City Engineer Raatikka has determined that <br />$27,500.00 of the $38,000.00 are costs that under normal <br />circumstances would be assessed as a part of the project; and <br /> <br /> WHEREAS, City Engineer Raatikka has recommended <br />releasing $27,500.00 of the escrow deposits in his letter dated <br />August 23, 1985. <br /> <br /> THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ~NOKA GOUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> 1) That the City Council of the City of Ramsey hereby <br />approves refunding $27,500.00 to Plintwood Hills Second Addition. <br /> <br />The motion for the adoption of the foregoin9 resolution was duly <br />seconded by Councilmember Sorteberg and upon vote being taken <br />thereon, the following voted in favor thereof: <br /> <br />Mayor Heitman, Councilmembers Cox, Sorteberg, Reimann and <br />Schlueter <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />whereupon said resolution was declared duly passed and adopted by <br />the Ramsey City Council this the 27th day of Augus.t, 1985. <br /> <br />I ~e~eby ackn~ledge receipt of <br />J:lSe above resolution: <br /> <br /> Finance~ff icer y <br /> <br /> <br />