1958-1712r~~~
RESOLUTION N0. t712
RESOLUTION REIA TtN G TO RELEASE OF SAVIN G ACCOUNT BOOK
IN AMOUNT OF •','5~000~00 ON OFF~STREET PARKING
A • R. BOGEN CD.
1006 FIRST NATIONAL S00 LINE BUILDINQ
~.DCATIONS 7715 14TW AVENUE SOUTH
USES BOWLINQ ALLEY
t"JHEREAS, A. G. BOGEN C0~ HAD AN OFF~STREET PARKING AGREEMENT WITH TW18 VILLAGE
RELATING TO 7715 14TH AVENUE SOUTH, WHICH CONTRACT BEARS THE OESIQNATION OF CONTRACT N0~
437, AND WHICH CONTRACT WAS GUARANTEED BY SAVINGS ACCOUNT BouK PJo. 36487 COIV7AININQ A
BALANCE OF ~5,000~00 IN THE F1R8T FEDERAL SAVIN GS i3J LOAN ASSOCIATION, 110 S. 7TH STREET
AND AS610NED TO THE VILLAGE OF RICHFIELD; AND
l9PiEREAS, SAID A, G~ BOGEN CO. WAS SUBSTANTIALLY COMPLIED l'dITW THE PROVISIONS OF
SAID AGREEMENTS AND
441$REAS, THERE APPEARS TO BE NA JUSTIFICATION FOR REQUIRING SAID A. G• BOGEN CO*
1
TO CONTINUE TO PROVIDE A BOND FOR SECURITY OF TWE PERFORMANCE OF 8A1D AGREEMENT•
N064 THEREFORE, BE IT RESOLVED BY THE VILIA GE COUNCIL of THE VILLAGE OF RICHFIELD,
RAINNESOTA' AS FOLLOl76!
THAT THE VILLAGE Pa`IANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RETURN THE ABOVE
DESCRIBED SAVINQB gcoWNT BOOK NOt 36487 TO A. G~ BDQEN CO.
ADOPTED B1~ THE ViLLA(dE COUNCIL OF THE VILLAGE OF RICHFIELD TMIS 27TH DAY OF OCTOBER,
1
t958.
A TTEST s
CLERK /
~ ~ ~
~~~
MAYOR
MANA R