HomeMy WebLinkAbout20081215 - VI-03MEMO
T0: Honorabie Mayor and pity Council members
FRaM: Cbarfene. StariC, Finance Director
RE: AR IOllrite off
DATE: November 24, 2008
wv .~.
o. YY ~c^",,sv+~yw;; , .~..;:3:~?F ...::5t:;i"..'.:u` ..............::H%~'n;°:~%+Zi`3+~;s$~~~ ~ .~
A miscellaneous ~vrite off an outstanding escro~~v is being requested.
Back x~•our~c~
Escrows are set up when a developer enters into a land use application for a development
project. A engineering and p~a~~ni~~g escro~~ ~~~as set up in ZOD3 far John Whitcomb of
Wesley Invest~~er~ts. Charles of `3,412.75 ~~ere incurred over the life of the escro~nf ~~Titl~
3,250 being deposited to coffer the costs. The balance of ~ ~ 62.75 has nod been paid to
date. The finance department has sent this to Dan ~l~egel for collection action. Ike vas
unable to get this des~eloper to pay and due to the ~alancc being a nominal amount and
the cost of goi~~g to court vie hive made the decision to wi~te off floe balance. With that
being said the city ~~ill keep a record of the developer nod ~ay~ng of~'~~is escrow a~~d if
there ever is a tinge this developer decides to come ~a~th; ~ux~h, ahother p~ojec~ sups. will be
in place to ensure this gets paid.
l~~ you should ha~Te questions regarding this ir~formatio~~, pease feel free to co~~tact one.
Caunc~l ~ct~an Requested
~~ I gill i i i I^I~il '
Request for approval tc~ write off the ~~ b2.75 miscellaneous receivable.
~w=~,~ ~~~ •~~~'~~ fir; ~' ..,.~:. ~"'"~d#~~ ... t;°~?a~~ ~9:~:/. ~ y~~.` ~ ` g~,~,~ fi~~~~r~ ~~~~;r~~ug ~ ~~ ~~ r. .$, ~!~ i' ~l~+ ~ ,~~pp~~// ~,a ~"~,~,y ~~i ,~ ~"'y~`k ~n~»~
'~^~r ~'~ w ~ w.ft IV'. 13".'~'w ~. ~' ~ . 3 ~ ,.w~ .~?'YgS~ i .':~F~~ Iw~ ! WI.