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Jtme 21, 1974 <br />7'0: Mayor and Catmcil <br />FROM: Jim Andre, City Manager <br />SUBJECT: Checks Tssued to Lad Properties <br />The five individual checks i.ssued to Lad Properties were <br />for refi,mds of individua.l water meter deposits for the <br />Palisade Apartments. Five buildings in the apaxtment co�lex <br />changed awnership. <br />Individ�aal refimd checks are issued because it aids in keeping <br />a more aceurate record of earh refimd o£ a meter deposit. The <br />change in ownership of more than one meter deposit by the same <br />owner at the same time very se7.ctiom occurs. <br />