1960-2374r~~
RESOtUT I ON N 0. 2374
1
RESOLUTION RELATING TO RELEASE OF BOND ON OFF'~STREET PARKINCae
RLENN Lo KERSSEN
70t We 77~ STREET
LOCATION 8 . 70 P We 77~ STREE T
USE8 ~LDWER SHOP
WHEREAS' GLENN Le KERSSEN~ HAD AN OFF~STREET PARKING AGREEMENT WITH THIS VILLAGE
RELATING TO 701 WEST 77~ STREETS WHICH ¢ONTRACT BEARS•THE DESIGNATION OF CONTRACT NO.
375 AND WHICH CONTRACT WAS GUARANTEED BY A BOND OF THE ~IDELITY AND CASUALTY COMPANY
of NEW YORK, 80 MAIDEN LANE' NEW YoRK9 NEW YDRK9 IN THE sUM of X19000®0®9 ANo
WHEEtEASS BAIb (a'I,ENN Lo KERSSEN HAS SUBSTANTIALLY COMPLIED WITH TF~ PROVISIONS OF
SAID AGREEMENT AND THE FIDELITY AND CASUALTY COMPANY of NEW YORK NoW SEEIfS TO BE RELIEVED
OF ANY FURTHER OBLIGATION UNDER SAID BONDS AND
WHEREASi THERE APPEARS TO BE NO Jt~ TIFICATION FOR REQUIRING SAID QLENN Lo KERSSEN
1
TO CONTINUE TO PROVIDE A BONG FOR SECURITY ON THE PERFORMANCE OF SAID AGREEMENT.
NOW THEREFORE9 BE lT RESOLVED BY THE VILLAGE OOUNCIL OF THE V1~,LAGE of RICHFIELD9
MINNESOTAS AS FOLLOWSS
THAT THE VILLAGE MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RE&,EASE THE FIDELITY
AND CASUAlrTY COMPANY FROM LIABILITY FOR ANY AND ALLACTb Off' 67faENN Le KERSSEN COMMBTTED OR
INCURRED IN VIOLATION OF SAID CONTRACT N00 3759 ON AND AFTER THE 12TH DAY OF DECEMBERS
t960o
ADOPTED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELD THIS 82TH DAY OF DECEMBERS
1960.
ATTEST s
c~,~ti~~~
vlcu~ :CLERK
Il~NA ER'