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1958-1555r~~~ 1 1 RESOLUTION NO.~r RESOLUTION RELAT ~+lG TO CASH OEP051 T ON OFF•STREET PARKING L. C« REYNOLDS 7409 12TH AvENUE SOUTH AP?LIGATION NO. 5B$i~ CONTRACT ND. 433 LOCATIONi 728 EAST 78TH STREE T ~1SEi SAMPLE SLAB GARAGE ~t$REAS~ ~. C. REYNOLOS~ 7409 12TH AVENUE SOUTH HAD AN OFF~STREET PARKING AGREEIbENT WITH THt6 VILLAGE RELATING TO 728 EAST 78TH STREET, WHICH CONTRACT BEARS THE DESIQNRTION OF CONTRACT ND. 433, AND WHICH CONTRACT WAS QUARANTEEO BY CHECK N0. l29 DATED MARCH 28TH, 1958, DRAWN ON THE RICHFIELD STATE BANK {H THE AMOUNT 4F FIVE HUNDRER 0500.00) DOLLARS AND ~tkEREAS, SAID k• C. REYNOLDS HAS 8U88TANTIALLY COAtPLtEO WITH THE PROVISi0N8 OF 1 SAID AGREEMENT, AND ~IHEREAS, THERE APPEARS 70 BE NO JUSTIFICATION FOR REQUIRING SAtO {.• C• REYNOLDS TO CONTINUE TO WROVIDE A CASH .DEPOSIT FOR SECURITY ON 7HE PERFORfdIANCE OF SAID A<3REEMENT• N0~1 THEREFORE BE IT RESOLVED SY THE VILLAGE COUNCIL OF THE VILLApE OF RtCHFIELO, MINNESOTA, A8 FOLIOWSi THAT THE VILLAQE MANAGER IB HEREBY AUTHORIZED AND DIRECTED TO RETURN THE FIVE HUNDRED 0500.00) DOLLAR CASH DEPOSIT TO 1.. .C• REYNOLDS. ADOPTED SY THE VILLAQE COUNCIL OF THE VILLAGE OF RICHFIELD TtitS 12TH DAY OF MAY: 1 I958e ATTESTS CLERK NA ~R