1958-1741r~~~i
RESOtUT ION N0, I'~q,l
RESOLUTION RElAT[Na TO RELEASE OF BttND ON OFF~STREET PARKING
N~. R• T. VALE
6321 PENN AVENUE SOUTH
LocATioNi 63l7~19 PENN AVENUE SouTH
USEi TYPEWRITER REPAIR AND SALES
WHEREAS MR. R• T• VALE, HAD AN CFF~STREE T PARKING AGREEMENT WITH THIS VILLAGE
RELATING TO 6317'•19 PENN AVENUE SOUTH, VH ICH CONTRACT BEAR6 THE DESIGNATION OF CONTRACT
N0. 38C~ ANA WHICH CONTRACT WAS GUARANTEED SY A BOND OF THE AE mA CASUALTY ANU SURETY
COMPANY, A CORPORATION OF HARTFORD, CONNECTICUT, 1N THE SUM OF ~SCO~CO,. ANO
UIHEREA6, sAlD R. r. VALE HA8 SUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF BALD
AGREEMENT AND THE AETNA CASUAL TY AND SURETY COMPANY NOW 8EEK8 TO BE RELIEVED Op' ANY
FURTHER OBLlQAT10N UNDER SAID BOND, ANO
WHEREAS, THERE APPEARS TO BE NO JUSTIFIOATlON FOR REQUIRING SAID MR• R• T. VALE
TO CONTINUE TO pROVIDEA BOND FOR SECURITY ON THE PERFORMANCE OF SAID AGREEMEN'f~
N01N TIE REFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAQE OF RICHFIELD,
MINNESOTA, AS FOLLOWBi
THAT THE VILLAGE MANAGER 16 HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE AETNA
CASUALTY ANO SURETY COMPANY FR 041 LIABILITY FOR ANY AND ALL ACTS OR fAR. R• T. VALE
COMMITTED OR INCURRED IN VIOLATION OF BAfO CONTRACT ND. 380 ON ANA AFTfR THE Ir~TH DAY
OF NDVEMBER,, 1858.
ARTESAi
~(~..,C~ y < ~ 1
EDWARD J. Mo Ea V LAGS CLERK
~ ~ ~,~
iRV ING `R. ICELDSEN, MAYOR
Ci R:-iJ~N KREII~ELEN, MANAGER