HomeMy WebLinkAbout1992-145 Council ResolutionCouncil member Kuether introduced the
following resolution and move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 92 - 145
RESOLUTION AUTHORIZING THE CLOSING AND TRANSFER
OF VARIOUS ESCROW ACCOUNTS TO THE GENERAL FUND,
T.I.F. DISTRICT 1-3 FUND, INTERIM CONSTRUCTION FUND
AND 1988B CONSTRUCTION FUND
WHEREAS, these escrow accounts are complete, and
WHEREAS, Ross' Liquors should be paid from the T.I.F. District 1-3
Fund, and
WHEREAS, Otter Bay should be paid from the Interim Construction
Fund, and
WHEREAS, Reshanau Phase 2 should be paid from the 1988B
Construction Fund, and
WHEREAS, the remainder is planning time written off to the General
Fund.
NOW THEREFORE BE IT RESOLVED, that the following closing and
transfers be effective December 14, 1992.
Interim Construction Fund (550)
T.I.F. District 1-3 (409)
1988B Construction Fund (566)
General Fund (101)
$1,344.21
(190.02)
1,500.00
2,338.85
Adopted by the City Council of Lino Lakes this 14th day of
December, 1992.
Vernon F. Reinert - Mayor
p
1(IarilyniG. nderson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was duly
seconded by Council Member Neal and upon vote being taken
thereon, the following voted in favor thereof: Bergeson, Elliott, Kuether,
Neal, Reinert.
The following voted against same: None.
Where upon said resolution was declared duly passed and adopted:
MEMORANDUM
TO: Randy
FROM: Mary, Paula, Laurie
DATE: October 27, 1992
RE: Old Escrow Accounts
Attached, please find a table listing all escrows that have been
dormant for years. One of the requests in the Management Report
was to clear up or close all old escrow balances. Following are
our suggestions for doing this.
1.) A & G Enterprises - John Miller had $1,430 in planning time
that has never been credited to the General Fund. The additional
$7.42 was for Press Publications that was charged to the General
Fund.
2.) Twilight Acres - this bill dates back to 1989 and we know we
will not be able to collect.
3.) Otter Bay (Bob Adamson) - There is a project in the Interim
Construction Fund for this also that this will help offset that
deficit.
4.) D. Erickson 1st Phase - Combine with #11 for planning time.
5.) Sherwood (Charles Nelson) - Paula remembers being told that
this is the City's responsibility.
6.) Forest Glen (Jack Menkfeld) - In 1985, too much was reimbursed
to him.
7.) Lino Air Park (Roger Kolstad) - We can't find the records and
this is too insignificant to deal with.
8.) Mardon Homes - There was a misunderstanding between the
developer and the City that is 6 years old and the developer will
defend themselves if they have to. I am sure the statute of
limitations is up for this bill.
9.) Canfield - Added to the list by Tautges and we don't have
backup on this. Too small to deal with.
10.) Lakes #8 (El Rehbein) - John Miller had planning time that
was never credited to the General Fund.
11.) D. Erickson 2nd Phase - No planning time was credited to the
General Fund.
Page 2
12.) Reshanau Phase 2 (GM Development) - No planning time was
credited to the General Fund. This was credited to the special
assessments. This should be transferred to the Construction Fund.
13.) Rohavic Oaks 2 - No planning time was credited to the General
Fund.
14.) Sunrise Meadows - No planning time was credited to the General
Fund.
15.) Gene Ardnt - Pete and Mary Kay are looking for the site &
building plan to see if it conforms. We should then remit his
money to him.
16.) Midland Videen Lakeview Woodlands - Don is checking into this.
17.) R & J Companies - This should be remitted if we can find the
company.
18.) Rohavic Oaks 1 (Rosenthal) - We can't find any records, and
this is too small to deal with.
\... 19.) Shenandoah (Glenn Rehbein) - He paid in full. Not all costs
were coded correctly.
20.) Bob Rypkema - This was for Schwann Sales. He was reimbursed
out of the General Fund.
21.) Ken Chapeau - He was reimbursed in 1987 out of the General
Fund.
22.) Ross' Liquors - These costs related to his T.I.F. application.
23.) Peltier View (Rehbein) - $327.83 was reduced from his line of
credit and credited to the General Fund. The remaining amount was
paid into the General Fund.
24.) West Oaks (Bruggeman) - He was never billed for this from
1986. The bill came 2 years after last billing.