HomeMy WebLinkAbout92-064 CITY OF LAKEVILLE
• RESOLUTION
DATE. April 20, 1992 RESOLUTION NO. 92-64
MOTION BY xarvey SECONDED BY sindt
RESOLUTION AUTHORIZING PAYMENT OF THE LYNWOOD NORTH ESCROW
MONEY TO LYNWOOD NORTH HOMEOWNER'S ASSOCIATION
WHEREAS, the City Council approved a development contract addendum on Apri12,
1990; and
WHEREAS, the addendum related to the development contracts for Lynwood North 1st,
2nd, 3rd, 4th and 5th Additions; and
WHEREAS, the development contracts for Lynwood North Additions required
construction of sidewalk along 170th Street and Jaguar Avenue; and
WHEREAS, the addendum deleted the sidewalk requirement; and
WHEREAS, the developer (Arcon Construction Company) was required to deposit with
the City, in escrow, $38,800 for the cost of sidewalks deleted; and
• WHEREAS, the City received $38,800 from Arcon Construction on May 1,1990; and
WHEREAS., the Lynwood North Homeowner's Association has been established; and
WHEREAS, the developer (Arcon Construction Company) acknowledges the establishment
of the Lynwood North Homeowner's Association.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lakeville does
hereby authorize payment to the Lynwood North Homeowner's Association all escrow
monies for the Lynwood North sidewalk project in the amount of $38,800 and interest in
the amount of $4,627.80.
APPROVED AND ADOPTED this 20th day of April, 1992.
CITY OF LAKEVILLE
BY:
Duan Zaun, Mayo
ATTEST:
Charlene Friedges, City Cl k