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1959-2031r~-~ RESOLUTION Noe 2031 RESOtI,RION REtATIN~ TO RELEASE OF t30N11' ON OF'F~,STREET PARKING CANTEEN COMPANY OF MINNESOTA 2219 CHARLES AVENWE~ STe PAULs MINNe~ tDGATIDNB 6310 PENN AVENUE SOUTH USER OFF1CEa QARAQEy WAREHOUSE do MACHINE REPAIR WHEREAS THE CANTEEN COMPANY OF MINNESOTAy INCe HAD AN OFF•STREET PARKINQ AGREEMENT WITH THIS VILLAGE RELATINQ TO 63 t0 PENN AVENUE SOUTHi WHICH CONTRACT BEARB THE DESI®NATION OF CONTRACT' Noe 425 AND WHICH CONTRACT WAS QUARANTEED BY A• BOND OF jHE AMERICAN SURETY COMPANY OF NEW Y©RK, 100 BROAOWAYa NEW 1fDRK CITYa NEW YORKa IN THE SUM OF ~2,000e00a AND II-HEREASa 8A1D CANTEEN COMPANY OF MINNESOTAa INCe HAS SUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF SAID AGREEMENT ANO THE AMERICAN SURETY COMPANY OF NEW YORit NOW REEKS TO BE RELIEVED OF ANY FURS THER #98LIQATION UNDER BAI-D BONDS AND VYHEREAS~ THERE APPEAR8 TO BE NO JUSTIFICATION FOR REQU1RtNQ RAID CANTEEN COMPANY OF MINNESOTAs INCe TO CONTINUE TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE OF SAID AQREEMENTe NOW THEREFORE, BE IT RESOLVE® BY THE VILLAQE COUNCIL OF THE VILLA QE OF RICHFIELDS MINNE80TAy AS FOLLOWS 8 THAT THE VILLAGE MANAQER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE AMERICAN SURETY COMPANY OF NEW YORK FROM`LIABILITY FOR ANY AND ALL ACTS OF TFIE CANTEEN COMPANY OF MINNESOTAs -NCsD COMMITTED OR INCURRED FN VIOLATION OF SA10 CONTRACT' NOs 428 ON AND AFTER THE 23RD DAY OF NOVEMBER t959e ATTEST a /~ ~°`-2., l/~ V 1 Le.AQE ~ a~ ~~ f` ~~ MAYOR • MANA QER