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Councilmember Peterson introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION g96-11-329 <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 5TH <br />ADDITION <br /> <br /> WHEREAS, the City Council of the City of Ramsey approved the final plat for Wood <br />Pond Hills 5th addition on June 11, 1996; 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 fa'st be reviewed and accepted by the City prior to authorizing the third party, identified as <br />Registered Abstracters, to pay down on the funds identified in the Pledge and Payment Agreement; <br />and <br /> <br /> WHEREAS, the developer has submitted construction bills for the installation of <br />watermain, storm sewer, sanitary sewer and streets payable to Ryan Construction in the amount of <br />$23,661.00; and <br /> <br /> WHEREAS, the City Engineer has reviewed said bills and agrees that the construction <br />bill does coincide with improvements that have been installed in Wood Pond Hills 5th Addition and <br />recommends payment to Ryan Construction in the amount of $23,661.00 by Registered <br />Abstracters. <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 the City Administrator to pay $23,661.00 to Ryan <br />Construction for payment of installation of watermain, storm sewer, sanitary sewer and <br />streets in Wood Pond Hills 5th Addition. <br /> <br />2) <br /> <br />That the City Council directs the Finance Officer to forward a certified copy of this <br />resolution to Registered Abstracters. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Beahen and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Hardin <br />Councilmember Peterson <br />Councilmember Beahen <br />Councilmember Beyer <br />Councilmember Zimmerman <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br /> <br />