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COUNTY OF ANOKA <br />CITY OF CENTERVILLE <br />Resolution # 25-6; „e <br />A RESOLUTION TO TRANSFER ESCROW FUNDS <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CENTERVILLE, MINNESOTA <br />WHEREAS, The City of Centerville has collected escrow funds from developers to cover costs related to new <br />developments and construction; and <br />WHEREAS, City Administrator Statz has overseen all developments in the city since 2017; and <br />WHEREAS, 401 — Escrow Fund has only four remaining developments with escrow fund balances: <br />Cash <br />Balance at <br />Address <br />Year End <br />Action <br />1721 Westview <br />$1,790.21 <br />Refund on the 2/12/25 claims list <br />Mini Storage <br />$1,134.09 <br />t <br />......... ........... <br />Refund on the 2/12/25 claims list <br />Max Storage <br />$1,125.71 <br />........ .............. ....:... <br />Refund - less $30 owed to Rice Creek Watershed District <br />.,. ........ . .. .... <br />Peltier Estates <br />$18,632.66 <br />.® � <br />Refund on the 2/12/25 claims list <br />_. <br />Total Other Escrow Cash <br />$22,682.67 <br />Sod Escrows Cash <br />$87,500.00 <br />Current Escrow Balance <br />$110,182.67 <br />; and <br />WHEREAS, there are excess funds in the amount of that should be recognized as revenue in 101 — General <br />Fund <br />; and <br />