1961-2476r~~
1
RESOLUTION N0. 2476
RESOLUTION RELATING TO RELEASE OF BOND ON OFF-STREET PARKING
ROBER'P R. KING
6f 10 NocoLLET AVENUE
LOCATIONa 6412m64~44 CEDAR AvENUE
Ups TtVO 19 UNIT APARTMENT BUILDINGS
WHEREAS ROBERT Re KINGs 6110 NIODLLET AVENUES MINNEApOLISg MINNE SOTAg HAD AN OFFmSTREET
PARKING AGREEMENT KITH THDS VILLAGE RELATING TO 641244 CEDAR A1/ENUEg ~hIICH CONTRACT BEARS
THE DE138GNATION flF CONTRAOT NO. 6258 AND IIHICH ~iONTRACT I~AS GUARANTEED BY A BOND OF THE ANCHOR
CASUALTY COMPANYg STo PAULg M1NNE80TAo IN THE SUM OF $5x500.00.
~tHEREASg SAID ROBERT R• KING HAS 8i1BSTANTIALLY 60M~.IED ~ITFI THE PROVISIONS OF SAID AGREE
MENT AND THE ANCHOR CASUALTY COMPANY N011 SEEKS TO BE RELIEVED OF ANY FURTHER. OBLIGATI ON UNDER
8A ID BONDg AND
WHEREAS THERE APPEARS TO BE NO dUSTIFI0AT10N FOR REQUIRING SKID ROBERT R• KING TO CONTINUE
I~
TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANOE AF SAID AGREEMENT•
N0~1 THEREF'OREg BE IT RESOLVED 8Y THEE VILLAGE COUNCII, OF THE VILLAGE ol° RICHFIELDg MINNESOTAg
A8 FOLLOI~s>s
THAT THE VILLAGE MANAGER IS HEREBY AUTHORISED AND DIRE6TED TO RELEA~ THE ANOHOR CASUALTY
COMPANY FROM LIABILITY FOR ANY AND ALL ROTS OF ROBERT R• KING OOMMITTED OR INOURRED IN VIOLATION
OF sA1D CONTRACT No• 6258 ON ANO AFTER THE 12TH oAY OF JUNEg 1961•
ADOPTED BY THE VILLAGE COUNOIL OF THE VILLAGE OF RICHFIEL® THIS 12TH DAY OF JUNEg 1961.
ATTESTa
-~~y~ ~~
VILLAGE CLE K
~~~
IW1 NR QE