1961-2544r_ ~~
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RESOLUTION N0. 2544
RESOLUTION RELATIN® TO RELEASE OF BOND ON OFF-STREET PARKING
H. B, STONE
2101 WEST 67TH STREET
LOGATIONa 600 WEST 66TH STREET
USES PLUMBING SHOP AND OFFICE
WHEREAS, H• B• STONES 2101 WEST 67TH STREETS HAD AN OFF~STREET PARKING AGREEMENT WITH THIS
VILLAGE RELATING TO 600 WEST 66TH STREETs WHICH CONTRACT BEARS THE DESIGNATION OF CONTRACT NO•
5485 AND WHICH CONTRACT WAS GUARANTEED BY A BOND OF THE COMMERCIAL INSURANCE COMPANY OF NEWARKs
NEW JERBEYs IN THE SUM OF ~500.OOS AND
WHEREAS SIAD H. B, ST~vE HAS SUBSTANTIALLY COMPLIED t4ITH THE PROVISIONS OF SAID AGREEMENT
AND THE COMMERCIAL INSURANCE COMPANY OF NEWARKs NEW JERSEYS NOW SEEKS TO BE RELIEVED OF ANY
FURTHER OBLIGATION UNDER SAlb BONDS AND
WHEREAS, THERE APPEARS TO BE NO JUSTIFICATION FOR REQUIRING SAID H. B, STONE TO CONTINUE
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TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE ~ SAID AGREEMENT.
NOW tHEREFORE~ BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF RICHFIELDS MINN-
ESOTAS A S FOLLOWSi
THAT THE VILLAGE MANAGER IS HEREBY AUTHORIZED AND DIRECTED TO RELEASE THE COMMERCIAL INSURANCE
COMPANY OF NEWARKs NEW JERSEYS FROM LIABILITY FOR ANY AND ALL ACTS OF H. B. STONE COMMITTED OR
INCURRED IN VIOLATION OF SAID CONTRACT NO. 54$S ON AND AFTER THE 14TH DAY OF AUGUSTS 1961.
ADOPTED BY THE VILLAGE COUNCIL OF THE VILLA GE OF RICHFIELD TH18 14TH DAY OF AUGUSTS 196t•
ATTEST i
i~'~L/G2'~~
VItiAGE CL K
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A GER