1959-2053r~~
RESOLUTION NO• 20~
RESOLUTION RELATING TO RELEASE QF BOND ON OFF•STREET PARKING
KUNZ OIL COMPANY
12 MILDER STREETS MPLS~~ MINN•
LOCATIONi 6300 CEDAR AVEPIUE
USEi QA80LINE SERVICE STATION
WHEREAS KUNZ 011. COMPANY HAD AN OFF~STREET PARKING AGREEMENT WITH THIS VILLAGE
RELATING TO 63.00 CEDAR. AVENUES WHICH CONTRACT BEARS THE OEStGNAT10N OF CONTRACT N0~ 365
ANO WHICH OONTRRCT W.AS. GUARAI~;TEEG BY• A BOND OF 1'HE HARTFORD ACCIDENT AND INDEMNITY COMPANY:
A GORPORATtON OF COi+INECTICUT~ IN THE S,UM OF $1,000.OOS AND
~.
YlHEREASS Sato KUNZ•OIL COMPANY WAS 6U8$TANTIAI.LY COMPI.lEO WITH THE PROVISIONS OF SA10
AGREEMENT AND TWE HARTFORD ACCIDENT AND INDEMNITY COMPANY NOW SEEKS TO 8E REi.IEVED~OF ANY
FURTHER OBLIGATION UNDER SAID- BONGS AND
WHEREASS THERE ARPEARS 70 BE NO JUSTIFICATION FOR REQUIRING SA10 KUNZ OIL COMPANY TO
1
1
CONTINUE TO PROVIDE A-BOND FOR 6ECURITY ON THE PERFORMANCE OF SAPO AGREEMENT.
NOW T.HEREFORts 8E 1T RESOLVED 9Y THE VILLAGE CouNC1~ OF THE VILLA GE OF RtCHFtELDj MINN.
ESOTAS AS FOLLOMtSi
THAT THE VILLAGE MANAGER IS WERE BY AUTHORfZED AND. DIRECTED TO RELEASE THE HARTFORA ACCIDENT
j
ANO INDEMNITY 1'jOMRANY FROM L.tASILiTY FOR ANY AND A4L ACTS OF TWE KUNZ .OIL COMPANY COMMITTED OR
INCURRED iN VIOLATION Olr SAliy CONTRACT NO. 365. ON AND AFTER THE 28TH RAY OF DECEMBERS 1959•
ADOPTED BY TWE VILIAQE'COUNCIL OF THE VILLAGE OF RICHFtELA~ MINNESOTAS THIS 28TH OAY OF
OECEPRBERS 1959,• e,; _
v
MAYOR
ATTESTa
V I~CLERK
C.,
MANA QER