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I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />i <br />I <br />I <br />I <br />I <br />I <br /> <br /> i RESOLUTION #93-12-281 <br /> <br />RESOLUTION,AUTHORIZING THIRD PARTY PAYMENT FOR WATERMAIN, <br />STORM $~, SANITARY SEWER AND STREETS IN ACCORDANCE WITH <br />PLEDGE !/[NI~ PAYMENT AGREEMENT FOR WOOD POND HILLS 3RD <br />ADDITION! <br /> WHEREAS, the City Council of the City of Ramsey approved the final plat for Wood <br />Pond Hills 3rd adili'tion on August 24, 1993; and <br /> WHErE&S, the City Council accepted a "Pledge and Payment Agreement" in lieu of the <br />standard fmala~ial ~arantee; and <br /> WHEI~EAS,~ the Pledge and Payment Agreement states that all construction payments <br />must fu'st bo ~vi~wed and accepted by the City prior to authorizing the third party, identified as <br />Chicago Title[InsUrance Company, to pay down on the funds identified in the Pledge and Payment <br />Agreement; argl <br /> WHEREAS, the developer has submitted construction bills for the installation of <br />watermain, s~rm. sewer, sanitary sewer and streets payable to C.W. Houle in the amount of <br />$6,420.93; ~ ~ <br /> WHEREAS, the City Engineer has reviewed said bills and agrees that the construction <br />bill does coin~;ido~ with improvements that have been installed in Wood Pond Hills 3rd Addition <br />and recomme,fids payment to C.W. Houle in the amount of $6,420.93 by Chicago Title Insurance <br />Company. r <br /> <br />NOW THEi{.EFDRE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF RAMS~, ~,NOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That ~e City Council hereby authorizes Chicago Title Insurance Company to pay <br /> $6,420.93ito C. W. Houle for payment of installation of watermain, storm sewer, sanitary <br /> sewer ~ndstreets in Wood Pond Hills 3rd Addition. <br /> <br />2) That the City Council directs the Finance Officer to forward a certified copy of this <br /> resolution ~o Chicago Title Insurance Company. <br /> <br />The motion f/~r ~e adoption of the foregoing resolution was duly seconded by Councilmember <br />Beyer and up6. n vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Oil~ertson <br /> Councilm~mber Hardin <br /> Councilm~m .bg'r Beyer <br /> Councilm~mber Peterson <br /> Councilm~mber Zimmerman <br />and the following Voted against the same: <br /> <br />None <br /> <br />and the follow~ing abstained: <br /> <br />None <br /> <br />and the follo~ <br /> None <br /> <br />~ng were absent: <br /> <br /> <br />