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<br /> <br />tervi[[e <br /> <br />'Esta6fished. L857 <br /> <br />STAFF REPORT <br />CENTERVILLE CITY COUNCIL <br /> <br />Date: <br /> <br />April 23, 2003 <br /> <br />To: <br /> <br />Honorable Mayor and City Council Members <br />Ms. Kim Moore-Sykes, City Administrator <br /> <br />From: <br /> <br />Ellen Paulseth, Finance Director ( r <br />c/~ <br />Hunters Crossing 2nd Addition Escrow <br /> <br />Re: <br /> <br />************************************************************************ <br /> <br />As per the pending developer's agreement for Hunters Crossing 2nd Addition, an <br />engineering escrow of$10,000 will be required. The City has retained $7,000 escrow <br />from the Hunters Crossing 1 st Addition Project. The Hunters Crossing 1 st Addition <br />Project is complete and bond proceeds from the M.S. Chapter 429 process exist to cover <br />any potential remaining obligations. <br />