1958-1580r~~i
RESOLUTI OIV No. {~
RESOLUTION ACCEPTING STREETS IN f ALLOEN~S 4TH ADDITION AND ESTABL1SHlNG
$500.00 ESCROW ACCOUNT TO GUARANTEE COMPLETION OF OFF-SITE {MPROVEMENTS
V{LLAG£ PLAT No. 94
CONTRACT No. 208
FALLDEN BUILDERS, 1NC., DEVELOPERS
BE LT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHF[ELO AS
FOLLOWS:
TWAT PURSUANT TO THE VILLAGE ENGiNEER~B RECOMMENDATION THAT TWE STREETS
IN FALLOENtS 4TH ADOITlON BE ACCEPTED FOR THE VILLAGE AND TWAT SUCH STREET8
SHALL BE PERPETUALLY MAINTAINED BY THE VILLAflE.
THAT TWE-SUM OF $500.00 BE PLACED IN AN ESCROW ACCOUNT [N LIEU OF A
DEVELOPERtS BOND TO GUARANTEE TWE COMPLETION.OF DFF-S['TE {MPROVEMENTS AND
TWAT SUCM 8UM W{LL BE REFUNDED TO FALLOEN BUILDERS INC. UPON COMPLETlO'N
OF SUCW WORK.
TWAT ALL OTWER CONDITIONS OF CONTRACT ND. 208 DATED JUNE 14, {954, WAVE
BEEN COMPLIED WITH AND THE WORK 1S HEREBY ACCEPTED.
ADOPTED BY THE VILLAGE COUNCIL TW18 23R0 DAY OF JUNE, 1958.
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MAYOR
MANAGER
ATTEST:
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~ C LER