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1960-2146r• .a 1 RESOLUTION N0. 2146 RESOLUTION RELATING TC RELEASE OF BOND ON OFF-STREET PARKING STILLMAN COMPANY 2847 SECOND AVENUE SOUTH LOCATIONo 6620 I.YNDALE AVENUE SOUTH USES ADDITION TO RETAIL GROCERY S?ORE WHEREAS9 THE STILLMAN COMPANY' 2£347 SECOND AVENUE SOUTHy HAD AIV OFF~STREET PARKING AGREEMENT WITH THIS VILLAGE RELATING 70 6620 LYNDALE AVENUE SOUTH WHICH CONTRACT BEARS THE DESIGNATION OF CONTRACT N0. 505 AND WHICH CONTRACT WAS GUARANTEED BY A BOND OF THE MARYLAND CASUALTY COMPANYy A CORPORATION OF BALTIMORES MARYLAND' IN THE SUM OF $500.00 AND WHEREAS' SAID STILLMAN COMPANY HAS SUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF SAID 1 AGREEMENT AND THE MARYLAND CASUALTY COMPANY NOW SEEKS TO BE RELIEVED OF ANY FURTHER 08r LIGATION UNDER 6AID BONDS AND WHEREAS9 THERE APPEARS TO BE NO JUSTIFiCAT10N FOR REQUIRING SAID STILLMAN COMPANY TO CONTINUE TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE OF SAID AQREEMENT® NOW THEREFOREi BE tT RESOCVEO BY THE VILIA GE COUNCIL OF THE VILLAGE OF.RICHFIELDy MINNE90TA~ A8 FOLLOWSB THAT THE VILLAGE MANAGER IS HEREBY AUTMORIZED AND DIRECTED TO RELEASE THE PJIARYLAND CASUALTY COMPANY FROM LIABILITY FOR ANY AND ALL ACT6 OF THE STILLMAN COMPANY COMMITTED OR INCURRED IN VIOLATION OF SAID CONTRACT N0. 505' ON AND AFTER THE 11TH DAY OF APRILe 1960a ADOPTED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD THIS 11TH DAY OF APRILy 1960 AT TES Ta VILLAGE C RK MAYOR MANA ER ~.:$~