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RESOLUTION NO. 2008 <br />CITY OF MOUNDS VrFW <br />COIINTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION AUTHORIZING RECOGNITION OF CF.R'rAIN DEVELOPERS <br />DFI'OSI'rR AS ('HARGFS FOR SERVICES AND THE WRITE, OFF OF <br />rc RrAiN AMOUNTS IRIE FROM DEVELOPERS AS UNCOLLECTIBLE <br />WHFRFAS, it hall heen the policy of the City to collect a <br />deposit from developers to fund various City costs associated <br />with prnpnsed developments (i.e. engineering, legal, <br />puhllcations, etc.); and <br />WHEREAS, on certain developments the City has incurred <br />rusts In excess of the deposits r>ceived from the developers; <br />NOW, THEREFORE BE IT RESOLVED that the Council has <br />reviewed the developer's deposits listed in Attachment A; <br />affirms that the City has incurred costs for each development <br />In An amount equal to the deposit listed; and hereby <br />authorizes the Finance Director -Treasurer to eliminate these <br />deposits and recognize them as charges for services on the <br />' financial records of the City effective December 31, 1985. <br />BE IT FURTHER RESOLVED that the Council has reviewed the <br />amounts owed to the City for costs associated with <br />developments which have exceeded the developer's deposit that <br />are listed In Attachment B; affirms that the City has made <br />attempts to collect thesa costs from developers; hereby <br />declares these amounts uncollectuole; and authorizes the <br />Finance Director -Treasurer to write off those amounts as <br />uncollectible receivables on the financial records of the City <br />effective December 31, 1985. <br />Adopted this 12th day of May, 1986. <br />ATTESr: <br />(SEAL) <br />ayor <br />Clerk -Administrator <br />