RESOLUTION #10-83
Resolution to approve Final Payment under City of Monticello and Welter
Enterprises LLC Development Agreement in the amount of $60,622.90
WHEREAS, The City Council previously approved and entered into a development 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, same having been carefully reviewed by the City Clerk/Treasurer, from the Welter family that supports their payment request, and
WHEREAS, The amount presently due the Welter family from the City totals $60,622.90, which would be the final payment.
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby authorize the City Clerk to pay the Welter family the sum of $60,622.90 pursuant to the Developer’s Agreement entered into by the City and the Welter family, on or about April 14, 2008.