1960-2325r~®
1
RESOLUTION NO• 2325
RESOLUT1t»d REtATtNA TO REI:EASE OF BOND ON OFF~a^TREET PARtCBRtA
BERTBL C• ItE)NTEN
6845 I.OAAN AVENIaE
LOCA`7 B ON ~ 693fimg4 PENN AVE• SDUTH
USEo TWO 4 UNIT APT• BUILDINAIa
1
WHEREA6s BERTIL Cs MONTEN HAD AN OFR'~TREET PARICINA AGREEMENT WITH THBS VILLAGE RELATINR
TA 6936p44 PENN AVENUE sOUTk$e WHICH CON'RACT BEARS THE DE8IANATION OF CDNTRACT NO. 5518 AND
t ~
WHICH CONTRACT WA8 GUARANTEED BY A BOND OF THE FIDELITY AND CASUALTY COMPANY OF NEW YO~ISa
NEW YORK' IN~ THE SUM OF ~1~000.OD' AND
~IHEREAS,, SAID BERTIL C• MONTEN HAS SUBSTANTIAB~LY COMPLIED WITH THE PROVISIONS OF SAID
AGREEMENT AND THE FIDELITY AND CASUALTY COMPANY OF NEW YORK NOW SEEKS 70 BE RELIEVED OF' ANY
FURTHER OBLIGATION UNDER SAID BONDA AND
WI'EREAS' ~ THERE APPEARS TO BE ~ NO .IC~T I ~ 1 CAT B ON FOR REQU 1 R INO SA B D BERT 14, C • MON•T~EN TO
CONTINUE TO ~OVIDE A BONO F°OR SECURITY ON THE PERFORMANCE OF SAID AGREEMENT.
NOW THEREFOREs BE IT RESOLVED BY THE VILLAGE CDUNCIL of THE VILLAGE OF RICHFIELD MINNa+
E80TAg AS FOLLOW88
THAT THE VILLAGE MANAGER IS HEREBY AUTHORf~EO AND DIRECTED TO RELEASE THE FIDELITY AND
CASUALTY COMPANY OF NEW YORBC FROM LIABILITY F'OR'ANY AND ALL ACTS OF RERTIL Cs MONTEN COMMBTTED
OR INCURRED IN VIgLATiON OP SAId CONTRACT NOe 55ts ON AND AFTER THE 24TH DAY OF OCTbBER, 1960a
ADOPTED BY THE V1LLA.AE CDUNOBL 01~ THE VI~,LAGE OF ReCHFIELD `I'RIS 24TH DAY OF OCTOBEaRe
196Oo
~~
MAYOR
ATTEST e
~~~~~ ~~ e
VILLAQE ERK
MAN (>~R