RESOLUTION #09-106
Resolution to approve Payment #2 under City of Monticello and Welter
Enterprises LLC Developer Agreement in the amount of $168,882.60
WHEREAS, The City Council previously approved and entered into a developer agreement with the Welter family, as part of their agreement to donate land to Kirkwood Community College, and
WHEREAS, The City Administrator has received appropriate documentation from the Welter family that supports their request for the second payment required by the Developer’s Agreement, and
WHEREAS, The Council finds it appropriate to approve of the payment at this time.
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby authorize the City Clerk to make payment #2 to the Welter family, in the amount of $168,882.60 pursuant to the Developer’s Agreement entered into by the City and the Welter family, on or about April 14, 2008.