1961-2491r~~~
1
RESOLUTION NO 2491
RESOLUTION RE EATING TO RELEASE OF BOND ON OFF~STREET PARKING
LYLE BUILDERSg INGe
67QI VENN AVENp1E S®uTH
LOCO 7521 PENN AVENUE SOUTH
USE: ONE 11®UNIT APARTMENT BUILDING
WIIEREASg LYLE BUILDERSg INCeg 6701 PENN AVENUE SOUTHg HAD AN OFF~STREET
PARKING AGREEMENT 6dITH THIS VILLAGE RELATING TO 7521 PENN AVENUE SOUTHg WHICH
GONTRACT BEARS THE DESIGNATION OF CONTRACT NOe 4948 AND WHICH CONTRACT WAS
GUARANTEED BY A BOND OF THE WESTERN SURETY COMPANYg SIOUX FALL S9 SOUTH DAKOTAg
IN THE SUM OF $2g000eC30
WHEREASg SAID LYLE BUILDERSg INGeg HAS SUBSTANTIALLY COMPLIED WITH THE
PROVISIONS OF SAID AGREEMENT AND THE WESTERN SURETY COMPANY NOW SEEKS TO BE
RELIEVED OF ANY FURTHER OBLIGATION UNDER. SAID BONDg AND
WHEREASg THERE APPEARS TO BE NO JUSTIFIGATION FOR REQUIRING LYLE BUILDERSg
1
INGeg TO GONTINUE TO PROVIDE A BOND FOR SEGURITY ON THE PERFORMANCE OF SAID
AGREEMENTo
NOW TH EREFOREg BE IT RESOLVED BY THE VILLAGE COUNGIL OF THE VILLAGE OF
RIGHFIELDg MINNESOTA AS FOLLOWS8
THAT THE VILLAGE MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE
THE WESTERN SURETY COMPANY FROM LIABILITY FOR ANY AND ALL ACTS OF LYLE
BUILDERSg INCo GOMMITT ED OR INCURRED IN VIOLATION OF SAID CONTRACT NOe 4948
ON AND AFTER THE IQTH DAY OF ~IULYg 1961®
ADOPTED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RIGHFIEL® THOS 10TH
OAY OF JULYg 18610
ATTESTs
A R
~ ~~ `
L