1960-2347r~~~
RESOLUTION NOe ~s~°~
RESOLUTION RELATING TO RELEASE: OF SAVINGS ACCOUNT BOOK
IN THE AMOUNT OF $2y100o00 ON OFF~STREET PARKINQ
MRo R, Te SVENDSEN
4456 NEST LA.ItE STREET
I,OCATYONa 400 WEST 65TH S7`REET
USES ONE II UVIT APARTMENT BUILDING
WHEREAS ate Re T~ SVENDSEN HAD AN OFFASTREET PARKING AGREEMENT WITH THIS VILLAGE
RELATIM1IG TO 400 WEST 65TH STREETy WHICH CONTRACT BEARS THE DESIGNATION OF CONTRACT No®
576s AND WHICH CONTRACT IS GUARANTEED BY SAVINGS ACCOUNT BOOK NO® 0230~C SHOWING A BALANCE
OF $2~100~00 IN THE TWIN G1TY FEDERAL SAVINGS 8o LOAN ASSOClAT10N~ 8TW AND MARQUETTEg M1NN~-,
EAPOLIB, 2~ IAINNESOTA9 AND AS8IGNED TO THE VILLAGE OF RICHFIELDp AND
WHEREASs SAID MRs Ro T. SVENDSEN HA8 SUBSTANTIALLY COMPLIED WITH THE PROVISIONS OF
SA 1 D AGREEIIAENTS AND
WHOREASe THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID Milo Rs Te SVENDSEN
TO CONTINUE TO PROVIDE A BOND-FOR SECURITY OF THE PERFORMANCE OF SAID AGREEMENT
NOW- THEREFORE, BE IT RESOLUEfl BY THE VILIA GE COUNCIL OF THE VILLAGE OF RICHFIELDy MINtd~
ESOTAi AS FOLLOWS/
THAT THE VILLAGE MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE ABOVE DESCRIBED
SAVINGS AOCOIAVT BooK Noo 0230 To MRo R, T® SVENDSEN~
ADOPTED BY THE VILLAGE COUNCIL. OF THE VILLAGE OF RICHFIELD THIS 14TH DAY OF NOVEMBER
I~Oe
~~~
~ YOR