HomeMy WebLinkAbout90-107 - ADMIN Resolution - City Council - 1990/08/06RESOLUTION NO.
90-107
RESOLUTION ACCEPTING IMPROVEMENTS COMPLETED BY
MEPC AMERICAN PROPERTIES UNDER
CITY CONTRACT NO. 1899 AND
AUTHORIZING RELEASE OF CONTRACT SECURITY
WHEREAS, pursuant to development Contract No. 1899 dated December 19,
1988, MEPC American Properties has completed drainage, grading, landscaping,
and utility reconstruction and relocation improvements for the Parkdale/Gamble
parking facility, and
WHEREAS, said improvements have been inspected and found to have been
satisfactorily completed.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St.
Louis Park that the City hereby accepts the work of MEPC American Properties
pursuant to the conditions of Contract No. 1899, and authorizes North Star
Title, as escrow agent, to disperse the $55,000 financial guarantee for
Contract No. 1899, plus all accrued interest, from FBS Investment Services
account number 5352915223 to MEPC American Properties.
Attest:
114041
City Cle
Adopted by the City Council August 6, 1990
Reviewed for administration:
City Manager
Approved as to form and execution:
City Attorney