1959-1839r~'~
RESOLUTION N0. 1839
RE50LUT1CN RE[A 71NG TO RELEASE OF BOND ON OFF~STREE T Pr ?KING
MRr EUfiENE ELSEN
7544 PORnAND AVENUE
LOCATIONi 7730 PORTLAND AVENUE SOUTH
USEi AUTO &ERVI CE STATION $a GARAGE
WI~EREAS~ MR. EUGENE NELSONS HAD AN OFF~+STREET PARKING AGREEMENT WITH TMiB V{LLAGE RELATING
TO 7730 PORTLAND AVENUES WHICH CONTRACT BEARS THE DESIGNATION OF CONTRACT NO. 376, AND WHICH
CONTRACT WAS GUARANTEED BY A 80ND OF THE ST• PAUL FIRE AND MARINE INSURAN~ CO.3 ST• PAULA MINN•
ESOTA~ tN THE SUM OF ~1~000~00~ ANA
WI-~REAS~ SAID EUGENE NELSON HAS SUBSTANTIALLY COMPLIED WITH THE PROM&101~[S OF SAID AGREE~+
MENT AND THE ST• PAUL FIRE & MARINE INSURANCE CO. NOW SEEK8 TO BE RELIEVED OF aNY FURTHER OBE
LIGATION UNDER SAID BONDi AND
~-HEREAS~ THERE APPEARS TD BE NO JUSTIFICATION FOR REQUIRING SAID MR• EUGENE NELSON TO
CONTINUE TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE OF SAID AGREEMENT•
NO~I TMEREFOREy BE lT RESOtVEO BY THE VILLAGE COUNCIL OF THE VILLAGE OF R(CHFIELD~ MINNESOTA
AS FOLLOWS:
THAT THE VILLAGE MAAIAGE'R IS HEREBY AUT'HOR'IZED AND DIRECTED Ta !R`EL'EASE THE ST. PAUL FIRE 8a
MARINE INSURANCE C0~ FROM LIA81LlTY FOi~'ANY AND: ALL ACTS OF MR• EUGENE ELSEN~ COMMITTED OR !IW
CURRED IN VIOLATION OF SAID CONTRACT NO. 376~ON AN'D 'AFTER THE 13T6T:DAY OF APRiL~ t959~
' s ~ °-
IRVING R KELOSEN~ MAYOR
_ > : ,,
A TT EST s
_ '~----0. Ri VAN ~REVELEN~ MANAGEi~
~ Gi-~~~r`, _
EDWAR . ~L E~ VILLAGE CLERK
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