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<br /> <br />ervi[[e <br /> <br />1880 :Jv[ain Street . Centervi{{e; %91[, 55038 <br />(651) 429-3232 . 'YalC (651) 429-8629 <br /> <br />STATE OF MINNESOTA <br /> <br />COUNTY OF ANOKA <br /> <br />CITY OF CENTERVILLE <br /> <br />RESOLUTION #03 - 024 <br /> <br />A RESOLUTION AUTHORIZING THE TRANSFER OF ESCROW FUNDS FOR <br />THE HUNTERS CROSSING PROJECT <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF mE CITY OF <br />CENTERVILLE,MINNESOTA: <br /> <br />WHEREAS, the City of Centerville is in receipt of the amount of $7,000 from Richard <br />S. Carlson Development for engineering escrow for the Hunters Crossing 1st Addition <br />Development Project; and <br /> <br />WHEREAS, Hunters Crossing 1 st Addition is complete and bond proceeds from the <br />M.S. 429 process exist in an amount sufficient to cover any potential obligations; and <br /> <br />WHEREAS, Richard S. Carlson Development has requested that the escrow be released <br />from Hunters Crossing 1 st Addition Capital Project Fund and transferred to the Hunters <br />Crossing 2nd Addition, Phase 1 Capital Project Fund to cover the escrow obligation for <br />the Hunters Crossing 2nd Addition, Phase 1 Capital Project Fund. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF <br />CENTERVILLE, MINNESOTA that the Finance Director is authorized to transfer the <br />amount of $7,000 from the Hunters Crossing 1st Addition Capital Project Fund to the <br />Hunters Crossing 2nd Addition, Phase I Capital Project Fund, in accordance with the <br />escrow requirements of the Hunters Crossing 2nd Addition, Phase I developer's <br />agreement <br /> <br />PASSED AND ADOPTED by the City ofCenterville this 23rd day of April, 2003. <br /> <br />Mayor, Terry Sweeney <br /> <br />Attest: <br /> <br />City Clerk, Teresa Bender <br />