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1958-1751ri ,~ ~~i .~._~,~ RESOLUTION NOo 1751 RESOLUTION RELATINQ TO RELEASE OF BONG ON OFF-STREET PARKINQ Co H• CHR16T1AN~ If 00 EQ 66TH STREE'9' AND VICTOR J. ENflBERGy 9745 ORCHARD SPRING ROAD I.OCAT10Ni 7000 CEDAR AVENUE UBEi (~SOLINE SERVICE STATION WHEREAS MRe Ce He CHRISTIAN AND Fi,Ro VICTOR Je ENGBERG HAD AN OFF~+STREET PARKING AGREEMENT WITM TH16 VILLAGE RELATING TO 7000 CEDAR AVENUE SOUTHi UdHICH CONTRACT BEARS THE DE81flNAT10N OF CONTRACT NOo 382 AND WHICH CONTRACT WA8 GUARANTEED BY A BCND ~' THE UNITED PACIFIC INSURANCE COMPANY IN THE SUM OF ~1D000o00s AND 64HEREAS~ SAID Ce He CHRISTIAN AND VICTOR Je ENQBERfl HAVE SUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF SAID AGREEMENT AND THE UNITED PACIFIC INSURANCE COMPANY NOW SEEKS TO BE RELIEVED OF ANY FURTHER OBLIGATION UNDER SAID BONDS AND WHEREAS THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID Cs He CHRISTIAN AND VICTOR Je ENGBERG TO CONTINUE TO PROVIDE A BOND FOR 6ECURITY ON THE PERFORMANCE OF 8AID AflREEMENTo NOW THEREFOREa BE IT RESO LVEO BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICMFiELO~ MINNESO7A~ AS FOLLOWSi THAT THE VILLAGE MANAGER IS HEREBY AUTHORIZED AND p1RECTED TO RELEASE THE UNITED PACIFIC INSURANCE COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF MRa C• Ho CHRISTIAN AND MRo VICTOR Jo ENflBERfl~ COMMITTED OR INCURRED IN VIOLATION OF SAID CONTRACT N0. 382 ON AND AFTER THE 8TH OAY OF OECEMBERr 1958., A TTEST i ~ ~~ ~/d'~--~ _ _. EDWARD~OLI a VILLAGE CLERK IRVING o K DSENS MAYOR ,,^~)~! b.~ VAN KREVELEN~ MANAGER