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the County less the interest it is still owed on the specials for <br />the second half of 1985. The Council granted refu-d authority is <br />up to $1,000. <br />ALTERNATIVES -- <br />1.-Not reful-id the overpayment and have the bank sue the City for <br />the overpayment. <br />2. Refund the payment in conjunction with the outstanding <br />specials being Paid to the County. <br />3. Delay payment of the refund anti 1 such time as the City <br />receives its money. <br />4. Table <br />RECOMMENDATION - It is recommended that the City authorize the <br />refund in the amount of $4,867.00 to the First American State <br />Bank, Southdale Branch by payment of the outstanding specials on <br />Bayshire development. <br />PROPOSED MOTION - Moved by , seconded by , that the Cou- 'I <br />authorize the refund of $4,867.00 Lo the First American -'a:e <br />Bank upon the payment of the outstarding specials on the Bayshire <br />development (outstanding specials includes all interest, <br />penaltie. and penalty interest outstanding.) Ayes , Nays <br />cc: Tom Kuehn, Finance Director <br />