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1961-2475r~~® 1 ~ALLACE KENNETH 921 PILL88UR°! AvENUE LOCATION8 6436 OLIe~ER AYENUE SOUTH USEB CNE 17 UNDT APARTMENT BUILDBNG bYtiEREASg ~IALLACE KENNETHg 921 PILL8BUR9/ A4PENUEg HAD AN 0F'~mSTREET PARISBNG AGREEMENT 171TH THIS VILLAGE RELATING TO 6436 OLIVER AvEN~ ~OUT&Ia WWICH CONTRACT BEARS THE DESI(~VATION OF CONTRACT NOe 575, AND ~9H I CH CONTRACT IYAB GUARANTEED BY A BOND 0~' THE HOME INDEMN 1 T~ COMPANY ®E NE~i YORKg NEIL YORKg IN THE ~M o~ ~2g5O0®O®g AND I~HEREASg SAID 9VALLACE KENNETH HAS SUBBTANTIALLY COMPLIED ~BTH THE PROV188ONS Off' SAID AGREEAE~1 T AND THE HOME INDEdeN 8 TY COMPANY NOtl9 SEEK 8 TO BE REL I EvED Of ANV FURTHER OBL D QAT 6 0818 P UNDER SA81~ BONDg AND 1 N~1~ THEREFOREg OE IT RESOLVES 13Y THE VILLAGE COUNCIL of THE VILLAGE 0F' RIaHI"IELDg MINNQ E80TAS A8 FOLLOId88 THAT THE VILLAGE MANAGER 8Z3 HERE89f AUTHORO~ED AND DIRECTED TO RELEASE THE HOME INDEMNBTSf COMPANY FROM LIABBBDITY FOR ANY AND ALL ACTS 0~ VlALLACE KE,9VNETH COMMDTTED OR INCURRED DN vBOIvATION 0~ 8A 80 CONTRACT N®o 5'~~ ON ANO AFTER THE 12TH~DAY OIL ~UNEg 1~6Ie RE ,OLUT ION N®0 2475 RESOLUTION RELATtNQ TO RELEA~ OP BOND ON O~F®STREET PARKINQ ~HEREASa THERE APPEARS TO BE NO ~9U8TIl~ICAT80N F°OR REQUIRBNG 8A10 ~IALLACE KENNETH TO CONT 8 NUE TO I~ROV! DE A BOND P~ SECURITY ON THE PER~ORAIANCE OF' SAID AGR~EIAENT ADOPTED BY THE VILLAGE COUNOIL OE' THE VILLAGIm O~ RIDI~D 4'&IDG 12TH DAY 08`' ~9UNEg 19610 1 AT TEST DAY OR ~N R VILLA CLERIC