1958-1732r~.~~
RESOLUTION N0, 1732
RESOLUTION RELATtNQ TO REt.EASE OF SAUINQS ACCOWT BOOK
tN THE A MOWT OF ~1~500~00 ON OFF-STREET PARKINQ
MAURICE QDLDMAN ANO JACOB Lii38
315 MIpLANO $ANK Bt11L01NQ
t.OCA T I ON t 300316 NEST 65TH STREE T
UBEt T~tO 11 UNIT APARTMENT BUILDINGS
4~FEREAS, 6AAURtCE GbLDMAN AND JAGDB L18&, HAVE AN OFF~STREET PARKING AGREEMENT KITH THI8
VILLAGE RELAtINO TO 300316 1~EST 6'S'fH STREETS ~tHICH CONTRACT BEARS THE DESIGNATION OF CONTRACT
NO• ~b13, ANO t71HICH CONTRACT 18 GUARANTEED BY SAVINGS ACCOUNT BQOK NO. 37430 SHOVIING A BALANCE
OF $t~500,00 1N THE IAIDLAND NATIONAL 814NK OF MINNEAPOLIS ANp A8SIGNED TO THE VILLAGE OF RICHFIELD
SY MAURICE (~LOMAN AND SAVINGS ACCOUNT BOOK N0, 9557 8,H0{I(!NG A BALANCE OF ~1~5$9~5t !N THE MIDLAND
NATIONAL BANK OF MINNEAPOLIS AND ASSIGNED TO THE VILLAGE OF RICHFIELD BY JACOB L188~ ANO
WNEREAS~ 8Af0 MAURICE Q~DMAN ANO JACOB LIES HAVE COMPLETED THAT PORTION OF THE AGREEMENT
TO THE EXTENT THAT THEY NOW SEEK TO BE RELIEVED OF THAT PORTION OF THE CONTRACT GUARANTEE, NAMELYi
SAVINGS ACCOUNT BANK BOOK NO. 3730 SHOtin1N4 A BALANCE OF ~Ii,500~00 IN THE RIip.L,ANO NATIONAL BANK
OF MiNNEApOL16 AND ASSIGNED TO THE VILLAGE OF RiGWFiELD, ANp
WHl:REAS~ THERE APPEARS TO !tE NO JUBTIFlGATION FOR REQUIRING ~LDMAN AND LtSS TO CONTINUE TO
PROV`!DE TH18 ~ECURITY'FOR THE PERFORMANCE OF 8A10 AGREEMENT AT THI$ TIME,
NOW THEREFORE-, BE IT RESOLVED SY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD, MINNE80TA,
As FaLLG~ss
1, THAT THE VILLAGE MANAGER 18 HEREBY AUTHORIZED AND ht,RECTIrO TO RELEASE THE ABCVE OEBCRIBEO
SAVINGS ACGDUNT.BOOK NC, 37430 TO QDLDMRN AND L188s
2. THAT SAVING6 ACCOUNT BDOK No, 9557 SHAL1. CONTINUE TO BE RETAINED SV THE VILLAGE OF RiCid~
FIELD A8.8ECURITY ON THE PERFORMANCE OF THE ABOVE NUMBERED CONTRACT
ADOPTED BY t`HE VILLAGE GOUNClL OF THE VILLAGE OF RICHFIELD TH18 IA TJ1, DAY OF N011EMBER, 195i8~
ATTESTS
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