1960-2239~~
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RESOLUTION N0, 2259
RESOLl7TlON RE EATING TO RELEASE OF BOND ON OFF~STREET PARKING
JOHN L, SHOSTED
5216 17TH AVENUE SOUTH
LOCe 901 EAST 66TH STREET
USE: ONE 11°UNIT APARTMENT BUILDING
WHEREAS JOHN L, SHOSTED HAD AN OFF48TREET PARKING AGREEMENT WITH THIS VILLAGE
RELATING TO AN APARTMENT BUILDING AT 901 EAST 66TH STREETy WHICH CONTRACT BEARS
THE DESIGNATION OF CONTRAGT N0, 459 AND WHICH CONTRACT WAS GUARANTEED BY A BOND
OF THE.TRAVELERS (NDEMNDTY COMPANY OF NARTFORDy CONNECTICUTs IN THE SUM OF
$2~000.00~ AND
WHEREAS SAID JOHN L, SHOSTED HA3 SUBSTANTIALLY COMPLIED WITH THE PROVDSIONS
OF SAID AGREEMENT AN.D THE TRAVELERS INDEMNITY COMPANY NOW SEEKS TO BE RELIEVED
OF ANY FURTHER OBLIGATION UNDER SAID BONDS AND
WHEREASp THERE APPEARS TO 8E NO JUSTIFICATION FOR REQUIRING RAID JOHN L,
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SHOSTED TO CONTINUE TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE OF SAID
AGREEMENT.
NOW THEREFOREy BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RIGH-
FIELDS MINNESO TAy AS FOLLOWSY
THAT THE VILLAGE MANAGER 19 HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE
TRAVELERS INDEMNITY COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF JOHN L,
SHOSTED C®MMITTED OR INCURRED IN VIOLATION OF SAID CONTRACT NOo 459p ON AND AFTER
THE 8TH DAY OF AUGUSTS 1960,
ADOPTED BY THE VILLAGE COUNCIL OF TWE VILLAGE OF RICHFIELD THIS 8TH DAY OF
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AUGUSTe 1960,
ATTESTa
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