1958-1631r~8
RESOLUTION N0. 163~~
RESOLUTION RELATING TO RELEASE Of BOND ON OFF-STREET PARKING
SHELL OiL COMPANY
too N. 7TM STREET
LOCATION: 6601 PENN AVENUE S0.
i1SE: GASOLINE SERVICE STATION
WHEREAS SHELL OIL COMPANY HAD AN OFF-STREET PARKING AGREEMENT WITH THIS
VILLAGE RELATING TO 6601 AENN AVENUE SOUTH WHICH CONTRACT BEARS THE DESIG-
NATION OF CONTRACT N0. 411, AND WHICH CONTRACT WAS GUARANTEED BY A BOND OF
THE FEDERAL INSURANCE COMPANY iN THE SUM OF $1,000.00, AND
WHEREAS SAID SHELL OIL COMPANY HAS SUBSTANTIALLY COMPLIED WITH THE
PROVISIONS OF SAID AGREEMENT AND TWE FEDERAL INSURANCE COMPANY NOW SEEKS TO
BE RELIEVED OF ANY FURTHER OBL1GATlON UNDER SAID BONO~ AND
WWEREAS~ THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAtO SHEi±L
OIL COMPANY TO CONTINUE TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE OF
S4iD AGREEMENT
NOW THEREFORE, BEIT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF
RICHFIELD MlNNESOTA~ AS FOLLOWS:
THAT TWE VILLAGE MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE
FEDERAL INSURANCE COMPANY FROM LiABiLITY FOR ANY AND ALL ACTS OF SMELL OtL
COMPANY COMMITTED OR INCURRED IN VIOLATION OF SAID CONTRACT N0. 411 ON AND AFTER '
THE tITH DAY OF AUGUSTS 1958.
ADOPTED BY THE VILLAGE COUNCIL OF TWE VILLAGE OF RICHFIELD THIS IITH DAY
OF AUGUSTS (958.
I
ATTEST:
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IRVING R, ELDSEN~ AYOR
C~~fIGV~~Z ~~"
DWARD 0 E~ LLAGE LERK
0. AN EVELEN~ ANAOER
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