1958-1490rRESOLUTION No. ~-am
RESOLUTION RELATINti TO BONfl ON Off-STREET PARKING
SOUTHDALE REALTY COMPANY
3500 WEST 66TH STREET
LOCATION: 3015 W. 66TH STREET
USE: GOODYEAR TIRE SALES ANfl SERVICE
WHEREAS, SOUTWDALE REALTY i'iOMpANY MAD AN OFF-STREET I:ARItiNG AGREEMENT
WITH THIS VILLAGE RELA7INQ TO 30}5 4aEST 66TH STREETS WMiCH CONTRACT BEARS
THE DE.a1s~rlArl.gN.. aF FACT No. 379, AND wHlCW CoNTRacr .as~ASA~1T>£E,Q..aY
A Bohn OF_ THE _I-ND£M~N;TY lNStl3~ANGE C4l6PANY QF NORTH. AMERICA, tM T1~EE -.BIiM` OF
a t , OOQ..DD.~ AND
W#tf~AS-, BAtD S13UTffDA1~E REALTY COikPANY H,A3 8!>lii,.~fYAb1TFA-Li.Y COMRbtED WTT-!~1
THE PitOit-~.$,LDNS "OI< •S.A~ID-A4R.EEMENT AND THE INDEMNITY INSURANCE COMPANY OF
NORTH AMERICA NOiV SEE1~9 T'0 BE REL-(EVEn i1F' ANY FURTHER OB~LlQATIOAt t11~tDER
8AiD BOND, AND
WHEREAS, THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING 8A1n SOUTH~J
DALE REALTY COMPANY TO CONTINUE TO PROVjDE A BOND FOR SECURITY ON THE PER-
F4R~MAN.CE .OF SA I D AGR@EMENT,
NOW TitEREfORE, BE IT RESOLVEfl BY THE VILLAGE COUNCIL OF THE VILLAGE OF
RICHFIELD, MtNNE90TA, A8 FOLLOWS:
THAT THE Vit_LAGE MANAGER 13 HEREBY AUTHORIZED AND DIRECTED TO RELEASE
THE INDEMNITY INSURANCE COMPANY OF NORTM AMERICA FROM LIABILITY FOR ANY AND
ALL ACTS OF THE SOUTWDALE REALTY COMPANY, COMMITTED OR INCURRED IN VIOLATION
OF SAID GONTRACT N0. 379 ON AND AFTER THE 13TH DAY OF .aANUARY, 1958..
ADOPTED BV THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD THfS 13TH
DAY OF JANUARY., (938.
ATTEST:
~ ` -
CLERK
.. _ ,_ _ ,-._ _. ~,..~_~..__~I
MAN GER