1959-1864rG
~.
RESOLUTION NO• 1864
RESOLUTION RELATINQ TO RELEAS$ OF BOND ON OFF-STREET PARKIN
EN@BER@~ .INC+= _
9745 ORCHARD SPRIN@8 ROAD
LOCATIONi 7116 CEDAR AVE• S0~
UBEi ONE 7 UNIT APARTMENT BU11.41N@=
WHEREAS EN@BER@F INC~~-HAD. AN OFF~+STREEI PARKIN@ A@REEMENT 1iITH TH18 VItLA@E`
RE1.AT INt# TO 7 F16 CEDAR AVER SOUTH WH 1 CH CONTRACT BEARS THE QE81t-(~IAT I ON OF OONTRA"CT
ND~ 429 AND ;WH I CM CONTRACT ilA8 QUARANTEED BY A BONG OF THE UNITi2D PACIFIC INSURANCE
COMPANY TAOOMA~_IVpBHIN@TON~ 1N THE 8UM :OF $1~000~OOi ANDS _
WHEREA6~ BAID EN@BER@~ 1NOs HAe SUBSTANTIALLY COMPLIED its#TH THE PROVI810N8 OF
BA 10 ADREEII~NT AND THE UNITED PACIFIC INSURANCE COMPANY NOVI 8EEK8 TO BE RELIEVED
OF ANY FURTHER OBLI@AT10N UNDER 8A 10 BONDS AND
t~F~REAS~ THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRIN@ BAID EN@BER@~ INC•
TO CONTINUE ?0 PROVIDE=A BONG FOR 6ECURITY ON THE PERFORMANCE OF BAID A@REENENT•
NOS THEREFORE 9E 1T RESOLVED BY THE VILLA@E COUNCIL Op' THE VILLA@E OF RICHFIELA~
IIINNESOTA~ A8 FOLLOii8i
THAT THE VILLA@E NlANAO,ER 18 HEREBY-AUTHORIZED ANO DIRECTED t0 RELEASE THE UNITED
PACIFIC INSURANCE COMPANY FROM LIABILITY FOR-ANY AND ALL ACT8 OF EN@BERO~ INCy COMMITTED
OR INCUtZRED IN V10LATION OF BAID CONTRACT N0. 429 ON AND AFTER THE-25TH DAY OF MAYi 1959•
`^' a
~_ ~~ --.
IRVIN@ R~ KE 08EN~_MAYOR
ArTESri
~i
• R. Y N W2EVELEN~ MAMA@ER
G~ ~d _
EOMIARO J. A10 9~ ~ V LI.A@E CLERK