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Councilmember Beyer introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION g97-01-005 <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 BRANDSETH ADDITION <br /> <br /> WHEREAS, the City Council of the City of Ramsey approved the final plat for the <br />Brandseth Addition on March 26, 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 first be reviewed and accepted by the City prior to authorizing the third party, identified as <br />Registered Abstracters, Inc., to pay down on the funds identified in the Pledge and Payment <br />Agreement; and <br /> <br /> WHEREAS, the developer has submitted construction bills for the installation of <br />sanitary sewer, watermain, storm sewer and street construction payable to W.B. Miller, Inc. in the <br />amount of $31,651.12; 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 the Brandseth Addition and <br />recommends payment to W.B. Miller, Inc. in the amount of $31,651.12; and <br /> <br /> WHEREAS, Registered Abstracters Inc. is responsible for only $7,672.82 and the <br />developer is responsible for the remaining balance of $23,978.30. <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 />l) <br /> <br />That the City Council hereby authorizes Registered Abstracters, Inc. to pay $34,556.95 to <br />W.B. Miller, Inc. for the installation of sanitary sewer, watermain, storm sewer and streets <br />in the Brandseth Addition. <br /> <br />2) <br /> <br />That the City Council hereby authorizes the developer to pay $23,978.30 to W.B. Miller, <br />Inc. for the installation of sanitary sewer, watermain, storm sewer and streets in the <br />Brandseth Addition <br /> <br />3) <br /> <br />That the City Council directs the Finance Officer to forward a certified copy of this <br />resolution to Registered Abstracters, Inc., and the developer. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Zimmerman upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gamec <br />Councilmember Beyer <br />Councilmember Zimmerman <br />Councilmember Beahen <br />Councilmember Haas Steffen <br /> <br /> <br />