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LAKE ELMO CITY COUNCIL MINUTES JULY 15, 1986 PAGE 4 State Charitable Gambling Control Board. M/S/P Morgan/Christ - to adopt Ordinance No. 7978 amending Section 1104 Charitable Gambling of the Lake Elmo Municipal Code. (Motion carried 4-0). 11. CITY ENGINEER'S REPORT A. Derrick Land Company Fill Permit The City Council reviewed all of the previous information on the Derrick Fill Permit and reviewed the Council Meeting minutes of November 19, 1985 when the permit was issued. One of the conditions of the permit was that if the sites turn out to be not buildable, that they be restored to their pre -fill conditions. The Council decided to put Derrick on notice that prior to November 19, 1986 the City expects Derrick Land Commpany to remove the fill which was placed on the four lots and restore the area to the "original condition as when the plat was accepted by the city" since the percolation tests failed and thus the lots are not considered buildable. M/S/P Armstrong/Dunn - to direct the staff to send a letter to Derrick Land Company indicating that the City Council will not renew the building permit for grading and. filling when it expires on November 19, 1986. (Motion carried 14-0). B. Lake Elmo Heights - Partial Release of Escrow City Engineer Bohrer reported that the developers for Lake Elmo Heights have entered into a developer's agreement and provided the required letter of credit in the amount of $54,600.00. A substantial portion of the grading and some of the turf restoration has been completed, and the developer has submitted evidence that he has paid his contractors for his work. Bohrer stated that he has reviewed the work and the invoices submitted by the developer and recommends that a partial release of $27,600.00 be paid to the developer. This will leave a remaining balance in the letter of credit of $27,000.00. M/S/P Christ/Dunn - to grant a partial release of the escrow in accordance with the City Engineer's recommendaton. (Motion carried 4-0). 12. CITY ADMINISTRATOR'S REPORT A. Accept 1985 City Audit Voto, Reardon and Tautges have completed their audit of the City's financial records for 1985. The City Council reviewed the Annual Financial Report and suggested that Pages 36 and 37 should be taken into account when the budget is being done. M/S/P Dunn/Armstrong - to accept the 1985 Financial and Management Report as prepared by Voto, Reardon and Tautges. (Motion carried 4-0).