1959-2019r~.
RESOLUTION NOm 2019
1
RESOLUTION RELATING TO RELEASE OF BOND ON OFFdSTREET PARKING
WAL-SOON BUILDERS
6839 2ND AVENUE SouTW
LOCATION, 6745 PLEASANT AVENUE
USE; ONE ~. UNIT APARTMENT BUILDING '
WHEREAS~.WAL~*DON BUILDERS HAD AN OFF-STREET PARKING AGREEMENT WITH THIS VILLAGE
RELATING TO X745 PLE ASAN7 AVENUEy WHICH CONTRACT BEARS THE DESIGNATION OF CONTRACT
NOS, :4Tly:, ANO 1gH'ICH CONTRACT LNAS GUARANTEED BY A BOND OF THE UNITED PACIFIC INSURANCE
COMPANYp TACOw1Ap WASHINGTONy IN THE SUM of ~1,500~00~ AND
WHEREAS, SAID WAL~DON BUILDERS E1~4.VE SUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF
SAID AGREEMENT AND THE UNITED PAGIFIG INSURANCE COMPANY NOW SEEKS TO BE RELfEVED OF ANY
FURTHER OBLIGATION UNDER SAID BONDa AND
69HEREAS~ THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID WAL~DON BUILDERS
1
TO CONTINUE TO PROV4DE A BOND FOR SECURITY ON THE PERFORA NCE OF SAID AGREEMENT
NONd THEREFORE, BE tT RESOLVED BY THE UtLLAGE COUNCICi, OF THE VILLAGE OF RICHFtELD~
MINNESOTA F. AS FOLLOV7Sv
THAT THE VILLAGE MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE UNITED'
1
PACIFIC INSURANCE L'OMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF WALmOON BUILDERS
COMMiT.TED OR INCURRED IN VIOLATION OF SAID CONTRACT NOp 479 ON AND AFTER THE 9TH DAY
OF NOVEMBERy 1959
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