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.. r <br />'. RESOLUTION NO. 1844 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION AUTHORIZING REDUCTION OF ESCROW FOR <br />DEVELOPMENT AGREEMENT 82-54 WITH GOOD VALUE HOMES <br />WHEREAS, the Developer, Good Value Homes, in Development <br />Agreement 84-52, was required to improve the plat known as <br />Edgewood Square with street, sewer, water, and street signs for <br />approval; and <br />WHEREAS, the Developer was required to post securities <br />necessary to assure that the improvement was placed and com-toted <br />in the amount of $150,000; and <br />WHEREAS, the improvements were installed and accepter'; <br />and <br />WHEREAS, the improvements passed the one-year warranty; <br />and <br />WHEREAS, during the warranty period the City had no <br />maintenance problems; and <br />i WHEREAS, there exists now three lots that are undeveloped; <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of <br />the City of Mounds View authorize deduction of escrow for <br />Development Agreement No. 82-54 with Good Value Homes from <br />$150,000 to $5,000. <br />Adopted this loth day of December, 1984. <br />ATTEST: <br />Mayor <br />(SEAL) <br />Clerk -Administrator <br />