1960-2272~~
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RESOLUTION NOe 2272
RESOLUTION RELATINQ TO RELEASE OF BOIV69 ON OFF~STREET PARI<INa
REAL ESTATE OEVELOPMENTa IN08
6620 PENN At~ENUE SOUTH
LOOATIONS 6820 OEDAR AVENUE
USER ONE ~ UNIT APARTMENT BUIt:DINQ
WWEREASg REAL ESTATE LEVEL®PMENTg INC® HAD AN 0~'FdSTREET PARI<INQ AQREEMENT WITH TH18
VI~LAC3E REILATINQ TO 6821 CEDAR AVENU~g LIHIOH CONTRACT BEARS THE DESIQNATION ofr OONTRAOT
NOa 5379 AND WHIC6t OONTRA@T tgAB QUARANTEED t3v A BONG OF THE WESTERN SURETY CoMPANVg SI®U3C
FAI,~g SOUTtI DAKOTAg IN THE SUM oF' X19500®009 AND
WNEREAS9 SAID REAL ESTATE [IEVEI,OPMENT9 .INCa HAS sUBSTANTtALI.Y COBtPL1ED YBITH THE
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PROV-0SIONS OF SAID AQREEM~NT AND THE WESTERN SURETY COMPANY NO{IISEEKS TO BE RELIEVED 0!'
ANY F'URTHE R OBI,1 QAT I ON UNDER SA t D BONDg AND
WHEREASg THERE APi~EARS TO BE NO dUSTtFICATION POR REQUIRINQ SAID REAL ESTATE DEVELOPA~ENTg
INCA TO CONTINUE TO PROVt4E A -BOND ~'OR SEOUt3ti'Y ON THE PER~'OR(~NOE OF SAID AQREEMENTe
NOW ThEREFOREg BE tT RESOLVED BY THE Vtp~I.AQE 0®UNC6t~ ®~ THE VII.t.AQE ot° RocHFIEI.Dg nflaNN~
ESOTAg ~ oAOLp_o~s ~
THAT THE V@I,I.AQE MANA63ER 68 HERESY AUTHORISED AND DIRECTED TO ~REI,EASE THE WESTERN SURETY
COMPANY E'tiOM LIABILITY E'OR ANY AND AI.L AOTS 0~' THE REAL ESTATE OEVELOPMENT9 INCa OOMMITTED OR
INCURRED 1N VBOLATION 01`' BAtD CONTRACT NOe 537g ON AND AFTER THE 22ND DAY 0~° AUQUSTs 1960a
ADOPTED BY THE VIa~LA®E C®UNCIL 0~' THE VILLAQE 0B:' RtCHF1E~D THBS 22ND DAY OR' AUQ~USTg 19600
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I~YOR
ATTESTS
V ILLAOE CLER9t;
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