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MINUTES Cl THE REGULAR ORONO COUNCIL MEETING <br />HELD MARCH 22, 1993 <br />CITY ATTORNEY’S REPORT <br />Staunton explained as part of the deal to purchase the City land, <br />the seller was required to place $75,000 in escrow to cover any <br />lawsuit involving the property ownership rights. A lawsuit was <br />filed contesting the sellers right to sell to the City, the <br />District Court ruled against the other party and the Court of <br />Appeals affirmed that ruling. Since that tine all appeal time has <br />lapsed, and therefore the litigation for which the escrow was <br />established has come to a conclusion. He reported it is his <br />recommendation to authorize the release of the escrow account. This <br />release does not affect any of the normal warranties. The City also <br />has title Insurance. Mayor Callahan has requested a summary opinion <br />Indicating their opinion. <br />Mayor Callaha i reiterated that they won the lawsuit, and are asked <br />to release tte escrow amount to the seller. <br />It was moved jy Jabbour, seconded by Goetten, to release the escrow <br />account of $75,000 to the former owner of the property. Ayes 4, <br />nays 0. <br />Mayor jallahan reiterated that the City Attorney should supply the <br />City a summary opinion. <br />(*«15) LICENSES <br />It was moved by Goetten, seconded b/ Mayor Callahan, to approve the <br />^j.’lcwlng licenses: <br />Peptic System Installers: <br />Jer* y J«^>nsc»', Excavating <br />GuMIvan's Utility Services, Inc. <br />Volkenant Inc. <br />Ayes 4, rays 0. <br />(*#16) BILL! <br />It was moved by Goetten, seconded oy Mayor Callahan, to approve <br />payment of the All Funds Account. Ayes 4, nays 0.