1958-1653r~~
RESOLUTION N0. t653
RESOLUTION ACCEPTING SAVINGS CERTIFICATES IN THE AMOi!!VT OF ~Ii000,0U
IN LIEU OF SURETY BONDS ELIASONtS 4TH ADUiTiON•
V iLLAGE PLAT No. 151
CONTRACT No. 410
WALTER ~. ELiA80N~ DEVELOPER
WHEREAS PURSUANT TO RESOLUTION No..1620 ADOPTED BY THE VILLAGE COUNCIL ON THE 26TH
DAY OF JULYS 1956 THE SURETY BOND TO GUARANTY THE COMPLETION. OF OFF-SITE (MPROVEMENT8 IN
ELIASON 4TM ADD1310N~ VILLAGE PLAT NO. 151 CONTRACT NO. 410 WAS REDUCED FROM $~2s90O.O0
TO ~ 1~000.00~ AND
WHEREAS THE VILLAGE CLERK WAS AUTHORIZED TO ACCEPT' A SURETY BOND IN THE AMOUNT OF
$i~00O.00 IN LIEU OF BONA FURNISHED BY THE ST. PAUL FIRE AND MARINE INSURANCE COMPANYs
ST. PAULA MINNE&OTA~ !N THE AMOUNT OF ~2~900•OO~ AND
WHEREAS' MR. WALTER .1. ELIASON~ DEVELOPERS NOW DESIRES TO ASSfGN SAVING8 CERTIFICATES
IN THE TOTAL AMOUNT OF ~I~000.00 TO THE VILLAGE IN L1EU OF A SURETY BONA.
NOW TfiEREF02E $E IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF R1~CHFIELD AS
FOLLOWSi
i. THAT SAVING8 CERTIFICATE NO. 985 DRAIN ON THE RICHFIELD STATE LANK AND ASSIDNED
TO THE VILLAGE OF RICHFIELD BY WALTER ELIASON~ 1N THE AMOta1FT OF 500.00 AND
SAVINGS CERTIFICATE N0. 986 DRAWN ON THE RICHFIELD STATE $ANK ANO ASSIGNED TO
THE VILLAGE OF RICHFIELD BY 3. $• ELIASOPy IN THE AMOUNT OF `sY`500~OO~ApEHEREeY
ACCEPTED iN LIEU OF A SURETY BOND TO GUARANTY THE COMPLETION OF ~F-SITE IMPROVE-
MENT8 IN ELIASON 4TH ADDiTiON~
ADOPTED BY THE VILLAGE COUNCIL THIS 6TH DAY OF SEPTEMBERS I958~
A TTEST a
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