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HomeMy WebLinkAbout81-045 CITY OF LAKEVILLE RESOLUTION Date June 29,..1981. Resolution No. 81-45 Motion by Nelson Seconded by Sndt RESOLUTION AUTHORIZING TRANSFER FROM ESCROW FUND TO PARK IMPROVEMENT FUND CONCERNING THE MEADOWS PLAT WHEREASa Bevel©pment contract.~etween the City of Lakeville and John Tschohl ("the Developer") was properly executed May 1, 1978; and WHEREAS, Section 10(a)(i) states ..the.~Developershall escrow with the City $1,956.00 before the final plat for Phase I is signed. If Phase II is not final 'olatted before August 30,`1979, the: escrowed money will automatically become City property and will be deposited in the City's park fund,:°; and WHEREAS, $1,956.00 was received from John Tschohl in May of 1978 which was deposited into the Escrow Fund; and WHEREAS, the Escrow account has earned $746.52 in interest. NOW, THEREFORE, ,BE IT RESOLVED by the City .Council. of the City of Lakeville that the $1,956.00 park ,dedication money. and the $746.52 interest earnings be transferred ~from° .the''Escni i?und .to' the Park 'Dedication Fund. APPROVED AND ADOPTED by the-City Council of the City of Lakeville, Minnesota, this 29th day of June , 1981. CITY OF LAKEVILLE B rdon Lekson, yor ATTEST: J P. i Patrick E. McGarvey, City Clerk''