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Councilmomlx:r Pearson introduced the following resolution and moved for its adoption: <br /> <br /> RESOLUTION #89-10-288 <br />RESOLUI'ION RELEASING SUBDIVISION BOND NUMBER C-524100 FOR <br />NORTHFOHK PIID <br /> <br /> Wt IEREAS, the Ramsey City Council has entered into a development agreement <br />with Norti~ ?.,)rk, inc.; and <br /> <br /> WtlEREAS, the City of Ramsey has required a financial guarantee for the Stage <br />One Im~r~r(~wxn,;nt:v, and <br /> <br /> WtHEREAS, the City has received Subdivision Bond Number C-524100 for the <br />Stage On;) Ir%',rovements for Northfork Addilion; and <br /> <br /> WI-lEI:lEAS, the City has received a letter from the City Engineer stating the <br />Stage On~; Imt~?ow~,ments are to City standards. <br /> <br />NOW THF. I~[:FO~E, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY~ ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> 'that the City Council hereby accepts the Stage One Improvements for <br /> <br /> ?_ ) Yhat the City Council authorizes City Staff to release Subdivision Bond <br />Number C-~,24100 to the developer. <br /> <br />The motion lot ii~e adoption of the foregoing resolution was duly seconded by Councilmember <br />Cich and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Co u~dh i101 RI]er DeLuca <br /> Coun(:ilmr~nber Pelerson <br /> Cou~(;ihnr~mbor Cich <br /> Cout~(:ihn(xnbor Pearson <br /> <br />and tho followi~g w~ted against the same: <br /> <br /> Noi]e <br /> <br />and the foilowin~ {,bstained: <br /> <br /> Nol io <br /> <br />and tho ~ollowind were absent: <br /> <br /> Mayor <br /> <br />Northfork <br /> <br /> <br />