1957-1372r~~
1372
RESOLUTION No•
RESOLUTION RELATING TO CASH DEPOSIT ON OFF-STREET
PARKING
PENN-66 SHOPPING CENTER, INC•
2314 UJEST 66TH STREET
LOCATION: 6528 PENN AVENUE SO•
APPLICATION N0. 56-28
CONTRACT N0. 357
WHEREAS, PENN-66 SHOPPING CENTER HAD AN OFF-STREET PARKING AGREEMENT
WITH THl8 VILLAGE RELATING TO 6528 PENN AVENUE SOUTW, WHICH CONTRACT BEARS
THE DESIGNATION OF CONTRACT N0. 357, AND WHICH CONTRACT WA3 Q UARANTEED BY A
CASH DEPOSIT OP F{VE HUNDRED ($500,00) DOLLARS, ANO
WHEREAS, SAID PENN-66 SHOPPING CENTER HAS SUBSTANTIALLY COMPLIED WITH THE
PROVISJON9 OF SAID AGREEMENT, AND
WHEREAS, THERE APPEARS TO BE NO JUSTIFICATION POR REQUIRING 8AID PENN-66
SHOPPING CENTER TO CONTINUE TO PROVIDE A CASH DEPOSIT FOR SECURITY ON THE PER-
FORMANCE OF SAID AGREEMENT,
NOW THEREFORE BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE of
RICHFIELD, MINNESOTA, AS FOLLOWS:
• THAT THE VILLAGE MANAGER 19 HEREBY AUTHORIZED AND DIRECTED TO RETURN THE
FIVE HUNDRED ($500.00 DOLLAR CASH DEPOSIT TO THE PENN•66 SHOPPING CENTER, INC•
ADOPTED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD THIS 8TH DAY
OF JULY, 1957.
MAYOR
ATTEST: MANAGER
r
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CLERK