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Councilmenber introduced the following resolution and <br />moved for its adoption: <br />RESOLUTION E85- <br />RESOLUTION APPROVING REIMBURSEMENT OF ESCROW DEPOSITS TO <br />FLIMOCD HILLS SEO tM ADDITION <br />WHEREAS, the City of Ramsey required escrow deposits <br />amounting to $38,000.00 from Flintwood Hills Second Addition; and <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 />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 />WHEREAS, City Engineer Raatikka has recommended <br />releasing $27,500.00 of the escrow deposits in his letter dated <br />August 23, 1985. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA OOUNTY, STATE OF MIANESOTA, as follows: <br />1) That the City Council of the City of Ramsey hereby <br />approves refunding $ 27,500.00 to Flintwood Hills Second Addition. <br />The motin for the adoption of the foregoing resolution was duly <br />seconded by Councilmember and upon vote being taken <br />thereon, the following voted in favor thereof: <br />and the following voted against the same: <br />whereupon said resolution was declared duly passed and adopted by <br />the Ramsey City Council this the 27th day of August, 1985. <br />ATTEST: <br />City Administrator /Clerk <br />i hereby acknowledge receipt of <br />the above resolution: <br />Mayor <br />Finance Officer <br />