1957-1445r~I
RESOLUTION N0. 144g
RESOLUTION REIJITINO TO BOND ON OFF-STREET PARKING
APPLICATION N0. 56-19~ CONTRACT NOa342
50UTHDALE REALTY COMPANY
3500 ~dEST 66TH STREET
LOCATIONS 2900 TEST 66TH STREET
USEi SUPER~dALU STORE
4"JHER£AS~ SOUTHDALE REALTY COMpANY~ HAD AN OFF«STREET PARKING AGREEMENT IBfI TH T1-118
VILLAGE RELATING TO 2900 BEST $$TH STREETS WHICH CONTRACT BEAR6 TWE DEBIGNATION OF
CONTRACT N0. 3425 AND t1iHICH CONTRACT LYAB GUARANTEED BY A BOND OF THE ST. PAUL ~RCURY
INSURANCE COMPANY ST. PAULA MINNESOTAa IN THE SUM OF ~5~000.00 AND
~lI~REAS~ SA10 SOUTHDALE REALTY COMPANY HAS SUBSTANTIALLY COMPLIED WITH TttE PROVISIONS
OF SA10 AGREEMENT AND THE ST. PAUL MERCURY INSURANCE COMPANY $T• PAULA MINNESOTA NON
SEEKS TO SE RELIEVED OF ANY FURTHER OBLIGATION UNDER SA10 BONDS AND
l"dNEREAS~ THE BARRIER CURB ON 65TH STREET HAS NOT BEEN CONSTRUCTED AND THE AREA HAS
1
BEEN 80DOED AND PLANTED AND SAID BARRIER CURB W1LL BE INCLUDED IN A FUTURE CONTRACT WHEN
8TORE8 ARE BUILT IN THAT AREA AS PER THE SOUTHDALE PLAN3~ AND
6'dHEREAS~ THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID SDUTHDALE REALTY
COMPANY TO CONTINUE TO PROVIDE A BOND FOR BEOURiTY ON THE PERFORMANOE OF 8AID AGREEMENTs
N01~d 7HEREF'ORE~ BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD
MlNNESOTA~ AS FOLLOW8S
THAT THE VILLAGE MANAGER IS HEREBY AUTHORitED AND DIRECTED TO RELEASE TWE ST. PAUL
1
" ~RCURY INSURANCE COMPANY FROM LIABILITY FOR ANY AND ALL ACT8 OF THE SOUTHDALE REALTY
COMPANY COMMITTED OR INCURRED 1N VIOLATION OF SAID CONTRACT N0~ 342 ON AND AFTER THE 28TH
DAY OF OCTOBERS 1957.
ADOPTED BY THE VILLAGE COUNCIL OF. THE VILLAGE OF RICHFIELD THIS 26TH OAY OF OCTOBER
.. 1
1957.
~,
MAYOR
" ~
' CLERK
~ A t1ER