1958-1577r~~ ~..
,:
RESOLUTION NO. 1577
RESOLUTION RELgTING TO RELEASE OF BOP{D ON SPECIAL USE PERMIT AOREEd£NT
KERMIT MAUGAN
742{ LYNDALE AVENUE SOUTH
1.DCATIONE 742{ LYNDALE AVENUE SOUTH
USES AdOBiLE TRAILER COURT
NdWEREAS~ KERN IT HAU(~IN HAD A SAE C 1 AL USE PERM 1 T A(~2EEMENT W i TW TH 18 V ILIAGE
DATED FEBRUARY 14THi 1~5~ REIA TING TO A MOBILE TRAILER CDURT AT 7421 LYNDALE AVENUE
SOUTH WHICH CONTRACT WA8 GUARANTEED BY A BOND OF THE ST. PAUL It1ERCURY INDEMNITY COMPANY
1N THE SUM OF ~2~000~00~ AND
1'tHEREAS~ X10 KERMIT MAUt1AN HAS BUBSTANTIALLY COMP1.tED WITH THE PROVl810NS OF
SA10 AGREEMENT AND 7HE ST• PAUL MERCURY INDEMNITY COMPANY NOW SEEKS TO BE RELIEVED OF
ANY FURTHER O ~.iQATION UNDER SAID 80ND~ AND
I~MEREAS~ THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING BA ID KERMIT MAUGAN
TO CONTINUE TO PROVIDE A BONG FOR BECURITY ON THE PERFORMANCE OF SAID AGREEMENT
' NOty THEREFORE BE iT RESOLVED 8Y THE VILLAGE COUNCIL OF THE VILLAGE OF RiCHFI£LD~
MiNNESOTA~ AS FOLLOWSi
THAT THE VILLAGE MANAGER tS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE ST.
~~
PAUL R~RCURY INDEMNITY COMPANY FROM LIABILITY FOR ANY AND AIL ACTS ~ KERMIT MAUGAN COMMITTED
OR INCURRED IN YlOLATlON OF RAID CONTRACT OF FEBRUARY 14TH 1955 ON AND AFTER THE 9TH DAY
OF JtxuEs 1958.
ADOPTED BY THE VILLAGE COUNCIL OF TWE VILLAGE OF RICHFIELD TH18 23RD DAY OF JUNE
1958
t
MAYOR
AT TES T s
t~A QER
b
CLERK