HomeMy WebLinkAboutRESOLUTION NO. 2005-30 RESOLUTION NO. 00
RESOLUTION CANCELING LETTERS OF CREDIT - GORDON SEVIG
WHEREAS, Gordon. Sevig and-Shirley Sevig have -strbmi to T f Iters of —
e-edit--from the Fairfax State Savings Bank as security for the completion of improvements as
referenced below:
DATE DESCRIPTION ORIGINAL ALIT CURRENT AMT
i
11/13/01 Part One of Prairie View Est $330,000.00 $33,000.00
Reduced 10/08/02
7/23/03 Part Two of Prairie View Est $40,000.00 $40000,:.00
$73,000.00
6/11/03 Fairfax Heights Third Addition $30,000.00 $30,000.00
$103,000.00
BE IT RESOLVED, That all the above referenced improvements have been
completed and the Letters of Credit can be cancelled as of August 10, 2005; and
NOW, THEREFORE, BE IT RESOLVED, By the City Council of the City of
Fairfax, Iowa that the Mayor and the City Clerk are hereby authorized and directed to
execute said Resolution.
Passed and approved this day of 0�. , 2005.
AYE:--$
NAY:
ABSENT:
Bill Voss, Mayor
ATTEST:
Connie Frame, City Clerk
CERTIFICATION. I hereby certify that the foregoing is a true and correct copy of a resolution of
the Fairfax. City C uncil adopted at a meeting of said public body, duly called and held on the
__......__day of / " ' 5, a quorum being present, as said resolution remains of record.
in the minutes of said eeting,and it is now in full force and effect.
Dated this _day of (r j a 2005.
Connie Frame,City Clerk