1961-2560r~~
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RESOLUTION NO. 2560
RESOLUTION RELATING TQ RELEASE OF BOND ON OFF-STREET PARKING
H. A. NlAQNU~N
6134 PARK AVENUE
LnCATIDNa 616 EAST 78TH STREET
USES DRIVE-IN SELF SERVICE
itIiEREASs IAfi• F1e Ae IIAGNUSONS 6134 PARK AVENUE, MiNNIEAPDLI SS MI NNESOTAS HAD AN OFF-STREET
PARKING AGREEMENT 911TH THI8 VILLAGE RELATING TO 616 EAST 78TH STREETS @fHICH CONTRACT BEARS THS
DESIQNATION OF CONTRACT NAo 650' ANA dgHICH CONTRACT a;AS e?UARANTEE'D BY A BOND OF THE FIDELITY
'ANA DEPOSIT COMPANY 01` IIIARYLANO, P. 0. BOX 12275 BAST Iplt!'E, IA~RYLANDS AND
VtNEREA5, SAID N• Ae MAG.NUSON HAS SUBSTANTIALLY Co~n~,.IED 9iiITH THE PROVISIONS OF SAID A3RE1°~°
MENT AND THE FIDELITY AND DEPOSIT COMPANY NOS SEEKS Tb EE RELIEVED OF ANY FURTHER OBLIGATION
UNDER SKID BONDS AND
1
aJHEREAS~ THERE APPEARS TO BE ND JUSTIFICATION FOR REQUIRING SAID }to A• MAGNUSON TO CON'PI!VUE
TO PROVIDE A BOND FOR SECURITY ON THE PERFORMANCE OF SAID AGREEtbENT•
NOVA TI-EREFORE~ BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE V.I..LA::E OF RtCHFIELDS MINNESOYA,
AS FOLL0998t
THAT THE VILLAGE t1ANAGER IS FEREBY AUTHORIZED AND DIRECTS: T~? RELEASE TWE FIDELITY AND
IIEPOSIT COMPANY FROM LIA131LITY FOR ANY AND ALL ACT8 OF Ho A, RAAQNUSON COMMITTED OR INCURRED IN
VIOLATION OF SAID CONTRACT N®• 650s ON ANA AFTER THE tITH DAY OF SEPTEMBERS 19610
ADAPTED BY THE VILLAGE C81lNCIL OF THE VILLAGE OF RICHFIELD THIS DITH DAY OF SEPTEMBERS 1961.
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ATTESTa
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